Full-Time
Develops unmanned systems and defense hardware
$125k - $175k/yr
No H1B Sponsorship
Huntington Beach, CA, USA
In Person
💡Product (2) |
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Mach Industries focuses on defense manufacturing, specifically developing and producing hardware for unmanned warfare. The company creates advanced unmanned systems, many of which utilize hydrogen fuel. A significant part of its approach is the "Forge" network, which consists of decentralized factories that can produce all components needed for unmanned operations. This allows for flexibility and efficiency in manufacturing. Mach Industries collaborates with other companies and nations to enhance its production capabilities. Additionally, it has a division called Mach Propulsion that specializes in high-performance propulsion systems. Unlike many competitors, Mach Industries emphasizes vertical integration and a strong partnership model, primarily serving government and business clients to support defense initiatives.
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$184.7M
Headquarters
Austin, Texas
Founded
2022
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Health Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Paid Holidays
Relocation Assistance
Professional Development Budget
Meal Benefits
Mach Industries, a defense tech company, has secured a $100 million funding round at a $470 million valuation. The round was led by new investor Keith Rabois from Khosla Ventures and existing investor Geoff Lewis of Bedrock Capital, with participation from Sequoia. This brings Mach's total funding to approximately $185 million. The new valuation is a modest increase from its previous $335 million valuation in October 2023, indicating cautious investor enthusiasm.
Ethan Thornton, a 21-year-old MIT dropout, has secured $100M for his defense tech startup, Mach Industries, with backing from Sequoia, Khosla, and Bedrock Capital. This funding raises Mach's total to $185M and its valuation to $470M. Mach is building "Forge 1," a 115,000 sq. ft. facility in California, to revolutionize defense manufacturing with decentralized micro-factories. The company is developing innovative products like the Viper UAV and has a U.S. Army contract for a next-gen cruise missile.
Mach Industries, a defense tech startup founded by 21-year-old Ethan Thornton, is set to close a $100 million funding round. The financing is co-led by new investor Khosla and existing investor Bedrock Capital. This round will value the company at approximately $470 million, according to a source familiar with the deal.
Sequoia Capital has made its first investment in defense startup Mach Industries, founded by 21-year-old MIT dropout Ethan Thornton. Initially focused on hydrogen weapons, the company faced a major setback when a test explosion injured a team member and led to the departure of key staff. Despite this, Sequoia led a $5.7 million seed round, followed by a $79 million Series A from Bedrock Capital, valuing Mach Industries at $300 million. The company is now developing agile weapons like the Viper drone and Glide bomb.
Mach Industries has been awarded a significant contract by the Army Applications Laboratory to develop the Strategic Strike, a vertical takeoff (VTO) cruise missile aimed at enhancing the precision strike capabilities of maneuver units.