Mach Industries
Mach Industries is a defense manufacturing company that develops and produces unmanned aerospace and defense systems, along with the infrastructure required to manufacture them at scale. Its product portfolio includes strike aircraft, long-range munitions, high-altitude platforms, counter-drone systems, and propulsion technologies designed for military applications. The company follows a vertically integrated approach, designing and manufacturing key components and systems in-house to support production, testing, and deployment. Mach Industries also operates a decentralized manufacturing network that supports the production of defense hardware and related components. In addition to developing operational systems, the company provides capabilities in propulsion, energetics, testing, and advanced manufacturing for defense and aerospace applications.
Founded by Ethan Thornton (Founder & CEO)
| Round | Announced | Raised | Post-money |
|---|---|---|---|
| Series C | Sep 10, 2026 | $600M | $3.7B |
| Series C | Jun 1, 2026 | $300M | $1.8B |
| Series B | Jun 17, 2025 | $100M | $470M |
| Series A | Oct 4, 2023 | $79M | $335M |
| Series A | Jun 19, 2023 | $6M | $28.3M |
- SCSequoia Capital
- BEBedrock
- RCRibbit Capital
- KVKhosla Ventures
- CHChampion Hill Ventures
- BOBoxGroup
- A*A*
- DCDCVC
- IFInvariantes Fund
- MVMANTIS Venture Capital
| Kind | Implied valuation | Price / share | Date |
|---|---|---|---|
| $4.5B | — | Oct 6, 2026 | |
| $866.6M | $1.41 | Sep 29, 2026 | |
| $2.7B | $2.65 | Sep 23, 2026 |
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Data as of Oct 16, 2026. Valuations are estimates blended from primary and secondary-market signals — not investment advice.