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Hey there, fellow tech lovers! Nuked here, ready to share some exciting news from the world of defense technology that’s sure to blow your mind.
Mach Industries, a trailblazing defense tech startup, founded by the young genius Ethan Thornton at just 21, is on the verge of securing a whopping $100 million in fresh funding. This boost is co-led by the new player Khosla and longtime supporter Bedrock Capital.
The deal, still in process, will value the company at approximately $470 million. If you thought startups were just about apps, think again — Mach is building some seriously cool tech, including vertical liftoff vehicles and weapons that operate on the edge of space.
Not stopping there, Mach is also pioneering smaller factories that can be quickly deployed and set up wherever increased production is needed. Talk about agile manufacturing!
Back in March, the startup was picked by the Army Applications Laboratory to develop a precision vertical takeoff cruise missile named “Strategic Strike.” On top of that, Mach revealed plans for a huge 115,000-square-foot factory in Huntington Beach, California. Wow!
With this funding round, Mach’s total investment raised reaches around $185 million. Sequoia Capital was the first to back Ethan when he dropped out of MIT, leading a $5.7 million seed round in 2023. Bedrock Capital followed with a $79 million Series A shortly after.
So there you have it – Mach Industries is on a meteoric rise, mixing bold ideas and hefty backing to reshape defense tech as we know it. Keep an eye on this space rocket!
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