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Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a year
Mach Industries, the three-year-old defense tech startup run by 22-year-old founder and CEO Ethan Thornton, has raised a $300 million Series C at a $1.8 billion valuation, the company announced on Monday.
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Mach Industries, a three‑year‑old defense‑tech startup led by 22‑year‑old CEO Ethan Thornton, closed a $300 million Series C round that values the company at $1.8 billion. The new valuation is almost four times higher than the $470 million valuation it achieved in June 2025 when it raised $100 million. The Series C round was led by Bedrock Capital, Sequoia Capital and Khosla Ventures. The funding round underscores the rapid growth of the company’s defense‑technology offerings.
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