Mach Industries, the defense technology founded by Ethan Thornton, is about to close the new $ 100 million in financing by the new investor, Khosla and the current investor, Bedrock Capital, says a source familiar with the Techcrunch deal.
The new tour will be estimated at 470 million dollars, according to the source. However, the deal has not been closed and the conditions are still changing. The Khosla investor leads the deal is Keith Rabua.
Mach Industries is an emerging defense technology company, a situation that the founding origin and connection of the founding of Sequoia. Thornton was just a teen
Mach develops vertical takeoff vehicles and weapons that can work from the edge of space. It also develops smaller factories that can be built and distributed easily when needed more production.
In March, Mach announced that he was chosen by the Army requests laboratory To develop a vertical Cruise missile, it calls it a “strategic strike”. It also announced plans for its first factory, which is close to 115,000 square feet in Huntington Beach, California.
This new financing should reach a total start -up financing of about $ 185 million, so far. Sikoya led Mach seed seed of $ 5.7 million, which was Declare In June 2023, Jeff Lewis, founder of Bedrock Capital, LED Mach’s 79 million dollars from the series A After a few months.
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