Mach Industries
About Mach Industries
Mach Industries is a Defense startup based in Huntington Beach, CA that has raised $485M in venture capital across 4 funding rounds since 2023. The company reached Series C stage in June 2023 with a $5.7M round led by Sequoia Capital. Mach Industries's investor base includes 5 institutional funds, with Infinite Capital leading the most recent equity round.
Mach Industries develops and manufactures asymmetric aerospace and defense systems for the U.S. Department of Defense and allied governments, including jet-powered VTOL strike drones, long-range precision munitions, high-altitude surveillance platforms, and kinetic counter-drone systems. The company operates Forge, a decentralized manufacturing platform, and Mach Propulsion, an in-house tactical engine division producing microturbines for unmanned systems. Founded in 2023 by 19-year-old MIT dropout Ethan Thornton, Mach has grown to 350+ employees and 115,000 sq ft of manufacturing space in Huntington Beach, California. In May 2026 the company acquired solid rocket motor startup Exquadrum for $50 million, gaining control of its own propulsion supply chain.
Mach Industries Funding Rounds Timeline
4 rounds · $485M raised · since 2023
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Seed | June 2023 | $5.7M | — | Sequoia Capital | — |
| Series A | October 2023 | $79M | $335M | Bedrock Capital | — |
| Series B | June 2025 | $100M | $470M | Khosla Ventures | Bedrock Capital, Sequoia Capital |
| Series C | June 2026 | $300M | $1.8B | Infinite Capital | Ribbit Capital, Bedrock Capital, Sequoia Capital, Khosla Ventures |
Investors in Mach Industries
5 institutional investors across 4 rounds
Lead investors
Co-investors
Recent news about Mach Industries
Questions about Mach Industries
How much has Mach Industries raised?
Mach Industries has raised $485M across 4 funding rounds since 2023.
Who are the investors of Mach Industries?
Mach Industries's investors include Infinite Capital, Khosla Ventures, Bedrock Capital, Sequoia Capital, Ribbit Capital.
When was Mach Industries's last funding round?
Mach Industries's most recent round was a $5.7M Seed in June 2023, led by Sequoia Capital.
What is Mach Industries's valuation?
Mach Industries reached a $1.8B valuation (unicorn status) with its Seed round in June 2023.
Where is Mach Industries headquartered?
Mach Industries is headquartered in Huntington Beach, CA, and was founded in 2023 by Ethan Thornton.