Mach Industries has announced a $100 million funding round, increasing its valuation to $470 million, following a previous $335 million valuation in October 2023. This round is led by new investor Keith Rabois from Khosla Ventures alongside existing investors Sequoia and Geoff Lewis of Bedrock Capital. Founded in 2023 by then-19-year-old CEO Ethan Thornton, the startup has quickly grown to 140 employees and developed advanced weapons systems like Viper, Glide, and Stratos, while securing significant contracts with military applications. The modest valuation increase suggests a cautious approach from investors despite the company's rapid growth.
Mach Industries' recent $100 million funding round highlights cautious investor sentiment, raising its valuation to $470 million, with total funds raised now at approximately $185 million.
Founded by 19-year-old Ethan Thornton after dropping out of MIT, Mach has seen rapid growth and innovation in defense tech, developing cutting-edge weapons systems.
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