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Company Snapshot
Mach Industries is a Defense company, based in Huntington Beach, CA, founded 2023. Latest valuation $3.7B (As of Sep 10, 2026, TechCrunch). Total funding >$1B (As of Sep 10, 2026).
Recent changes
- Sep 10, 2026Sep 10, 2026Raised $600M Series C extension at a $3.7B valuation TechCrunch
- Sep 10, 2026Sep 10, 2026First reported total funding: >$1B TechCrunch
- Sep 10, 2026Sep 10, 2026New investor: Bedrock Capital TechCrunch
- Sep 10, 2026Sep 10, 2026New investor: Infinite Capital TechCrunch
- Sep 10, 2026Sep 10, 2026Mach Industries Doubles Valuation To $3.7B Pulse story
Earlier changes (7)
- Sep 10, 2026Sep 10, 2026Valuation rose from $1.8B to $3.7B TechCrunch
- Jun 21, 2026Jun 21, 2026Raised $300M Series C at a $1.8B valuation TechCrunch
- Jun 21, 2026Jun 21, 2026New investor: Sequoia Capital TechCrunch
- Jun 21, 2026Jun 21, 2026New investor: Khosla Ventures TechCrunch
- Jun 21, 2026Jun 21, 2026New investor: Ribbit Capital TechCrunch
- Jun 21, 2026Jun 21, 2026Defense-Tech Wunderkind Mach Industries Bets It Can Build the Whole Arsenal at Once Pulse story
- Jun 2026Jun 2026First reported valuation: $1.8B TechCrunch
Funding History
2 events · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Sep 10, 2026 | Series C extension | $600M | $3.7B | TechCrunch | |
| Jun 21, 2026 | Series C | $300M | $1.8B | TechCrunch |
Underlying values
| As of | Value | Method | Source |
|---|---|---|---|
| Sep 10, 2026 | $3.7B | Reported | TechCrunch |
| Jun 2026 | $1.8B | Reported | TechCrunch |
Investors
Latest Pulse
- Sep 28, 2026Quartermaster Raises Another $140M Series BMaritime intelligence startup Quartermaster raised another $140 million Series B, led by Insight Partners and Overmatch Ventures, just months after an earlier, smaller round.→
- Sep 14, 2026Nine US Rounds, $8.7B, Ten Days: September's Real PaceValue Add Pulse totaled the nine largest US venture rounds of September 5-11 and found $8.7 billion committed, with three deals at $1 billion or more.→
- Sep 11, 2026September's Megadeals Already Top $8 BillionSix companies -- The Boring Company, Cognition, Positron AI, Mach Industries, Harvey, and Ayar Labs -- have absorbed more than $8 billion in the first ten days of September, almost all of it into physical AI infrastructure and applied AI.→
- Sep 10, 2026Mach Industries Doubles Valuation To $3.7BDefense-tech drone maker Mach Industries raised an additional $600 million, doubling its valuation to $3.7 billion just three months after its original Series C, an eightfold jump in a little over a year.→
- Sep 6, 2026Defense Tech Funding Hits a Record $35.6B in 2026Defense-tech funding is up 40% year-over-year to $35.6B YTD, with robotics at $18.8B YTD versus $15B for all of 2025 -- both categories on pace for record annual totals.→
- Jul 14, 2026Europe's Defense-Tech Rounds Are Catching Up to the USHelsing's $1.8 billion round at an $18 billion valuation puts a concrete number on how fast European defense-tech financing is closing the gap with a US market that produced four separate billion-dollar-plus rounds this year alone.→
- Jul 14, 2026The AI Trade Just Split in Two: Buyers vs. SellersNvidia has shed roughly $1 trillion in value since May even as Meta's data center costs balloon past $50 billion and Helsing raises Europe's biggest-ever defense round -- capex is up, but the margin is shifting away from the chip seller.→
- Jul 13, 2026Defense Tech's $14.6B Pace Shows No Sign of SlowingDefense tech startups raised $14.6 billion in the first five months of 2026 alone, already blowing past the previous full-year record of $9.6 billion set in 2025, led by Anduril, Shield AI and Saronic.→
- Jun 21, 2026Defense-Tech Wunderkind Mach Industries Bets It Can Build the Whole Arsenal at OnceTechCrunch profiles 22-year-old Ethan Thornton, whose defense startup Mach Industries -- fresh off a $300M Series C at a $1.8B valuation -- is pursuing an unusually sprawling product line, from hydrogen-powered weapons to a flexible 'Forge' manufacturing network. The story crystallizes a defense-tech moment where young founders raise mega-rounds to challenge primes across many fronts simultaneously.→
Coverage Timeline
newest firstAll Coverage
FUNDING
September's Megadeals Already Top $8 Billion
Six companies -- The Boring Company, Cognition, Positron AI, Mach Industries, Harvey, and Ayar Labs -- have absorbed more than $8 billion in the first ten days of September, almost all of it into physical AI infrastructure and applied AI.
BY THE NUMBERS
Mach Industries Doubles Valuation To $3.7B
FUNDING$600M add-on at $3.7B valuation
Mach Industries Doubles Valuation To $3.7B
Defense-tech drone maker Mach Industries raised an additional $600 million, doubling its valuation to $3.7 billion just three months after its original Series C, an eightfold jump in a little over a year.
FOLLOW-UP
Defense-Tech Wunderkind Mach Industries Bets It Can Build the Whole Arsenal at Once
FUNDING$1.8B valuation
Defense-Tech Wunderkind Mach Industries Bets It Can Build the Whole Arsenal at Once
TechCrunch profiles 22-year-old Ethan Thornton, whose defense startup Mach Industries -- fresh off a $300M Series C at a $1.8B valuation -- is pursuing an unusually sprawling product line, from hydrogen-powered weapons to a flexible 'Forge' manufacturing network. The story crystallizes a defense-tech moment where young founders raise mega-rounds to challenge primes across many fronts simultaneously.
Value Add Research
- Market & Trends · Oct 17, 2026Q3 2026 Defense/Space Funding Rounds: Hadrian's $1.37B Leads
- Market & Trends · Oct 14, 2026Most Active VC Firms September 2026: Valor Leads 8 Rounds
- Market & Trends · Oct 13, 2026September 2026's Biggest Startup Funding Rounds: $30.3B
- Market & Trends · Aug 27, 2026Anduril Industries: The $61B Defense Startup's Business Model
Related Companies
Mach Industries FAQ
What is Mach Industries's valuation?
Mach Industries's valuation is $3.7B (As of Sep 10, 2026, TechCrunch).
How much has Mach Industries raised?
Mach Industries has raised >$1B in total funding (As of Sep 10, 2026, TechCrunch).
Who are Mach Industries's investors?
Mach Industries's investors include Ribbit Capital, Sequoia Capital, Bedrock Capital, Infinite Capital, Khosla Ventures, and 1 more (As of Sep 10, 2026).
Sources & methodologyshow
Where these figures come from
- TechCrunchmajor outlet3 facts
- TechCrunchmajor outlet1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.