California-based Mach Industries raises $300 million Series C led by Infinite Capital and Ribbit Capital at a $1.8 billion valuation
The company is scaling five autonomous defence programmes spanning strike drones, surveillance systems, and counter-drone platforms
Founder and CEO Ethan Thornton, 22, dropped out of MIT as a teenager to build what is now one of defence tech’s most closely watched startups
The modern battlefield is changing faster than traditional defence procurement can keep up. Conflicts in Ukraine and the Middle East are demonstrating that military advantage increasingly depends not only on advanced technology but also on the ability to manufacture, deploy, and replace autonomous systems at scale.
Mach Industries is positioning itself at the centre of that shift. The California-based defence manufacturer has raised $300 million in Series C funding at a $1.8 billion valuation, nearly four times its $470 million valuation from its Series B just 12 months ago.
