Mach Industries, The Defense Tech Founded By 21-Eld Ethan Thornton, Is About to Close a Fresh A Fresh $ 100 Million in Financing Co-Led by New Investor Khosla and Existing Investor BedroCk Capital, A Familiar with the deal tells techcrunch.
The new round will value the company at Around $ 470 Million, according to the source. However, the deal hasnight closed and terms may still change. The Khosla Investor Leading The Deal is Keith Rabois.
Mach Industries is a Buzzy Defense Tech Startup, A Status Propelled by Its Founding Origin Story and Connection to Sequoia. Thorton was just a teenager when he dropped out of mit to found machine, which was sequoia’s first defense tech investment.
Mach is Developing Vertical Liftoff Vehicles, Weapons that can work from the edge of space. Part of Mach’s pitch is to use smaller facties, which can be easy Built without special tooling, to produge these vertical liftoff vehicles.
In March, Mach announced it was selected by the Army Applications Laboratory To develop a vertical takeoff proction Cruise Missile It Calls “Strategic Strike.” It also also announced plans for its first factory, a 115,000-Square foot-faces in Huntington Beach, California.
This new funding should bring the startup’s total funding to about $ 185 million, to date. Sequoia LED Mach’s $ 5.7 Million Seed Round, which was announced In June 2023. Geoff Lewis, Founder of Bedrock Capital, LED Mach’s $ 79 Million Series A round A Few Months Later.
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