Mach Industries
Next-generation unmanned aerospace and defense systems manufacturer.
Mach Industries develops and manufactures asymmetric aerospace and defense systems, including the Viper turbojet-powered VTOL one-way attack UAS, Glide glide munition, Stratos high-altitude pseudo-satellite, Pike long-range munition, and Dart low-cost kinetic interceptor. The company operates a 115,000 sq ft factory in Huntington Beach, CA, and holds contracts with the US Army.
Overview
- Headquarters
- Huntington Beach, CA
- Founded
- 2023
- Employees
- 350
- Total funding
- $485M
- Valuation
- $1.8B (Series C, Jun 2026)
- Stage
- Series C
- Status
- active
- Domains
- Unmanned systems, Precision munitions, Defense manufacturing
- X / Twitter
- x.com/Mach_Industries
- Website
- machindustries.com
Investors4
- FundSequoia CapitalLegendary VC firm investing in defense technology including SpaceX and Mach Industries.
- FundBedrock CapitalMulti-stage VC investing in asymmetric technology companies including defense.
- FundInfinite CapitalDeep tech and crypto venture firm investing in generational innovation across aerospace, autonomy, and decentralized networks.
- FundRibbit CapitalGlobal fintech-focused VC firm investing in financial services technology, with expanding defense tech exposure.
Cap table8
Approximate ownership by holder. Indexed holders link to their records.
Raised per round
Valuation over time
Percentages marked ~ are not disclosed. Some are a generic VC-pattern model (founders/team weighted heaviest, option pool lightest, other holders evenly) sized to whatever's left undisclosed — a standard industry shape, not this company's actual cap table.
| Holder | Instrument | Ownership |
|---|---|---|
Bedrock CapitalReinvested | Preferred (Seed–Series C) | ~13.3% |
Ribbit CapitalReinvested | Preferred (Series C) | ~13.3% |
Sequoia CapitalReinvested | Preferred (Seed–Series C) | ~13.3% |
Infinite CapitalReinvested | Preferred (Series C) | ~13.3% |
Ethan Thornton (Founder/CEO)Reinvested | Common | ~13.3% |
Other investors | SAFE / Common | ~13.3% |
Khosla VenturesReinvested | Preferred (Series B–C) | ~13.3% |
Employee option pool | Options | ~6.7% |
Programs0
No linked records yet.
Frequently asked
- What does Mach Industries do?
- Mach Industries develops and manufactures asymmetric aerospace and defense systems, including the Viper turbojet-powered VTOL one-way attack UAS, Glide glide munition, Stratos high-altitude pseudo-satellite, Pike long-range munition, and Dart low-cost kinetic interceptor. The company operates a 115,000 sq ft factory in Huntington Beach, CA, and holds contracts with the US Army.
- Where is Mach Industries headquartered?
- Mach Industries is headquartered in Huntington Beach, CA and was founded in 2023.
- How much funding has Mach Industries raised?
- Mach Industries has raised $485M in disclosed funding, at a most recent valuation of $1.8B (Series C, Jun 2026).
- What does Mach Industries specialize in?
- Mach Industries works across Unmanned systems, Precision munitions, Defense manufacturing.
- Does Mach Industries hold government contracts?
- Defense Tech Atlas links Mach Industries to 1 government contract.
Sources & citations3
Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.
- 1
Raised $300M Series C at $1.8B valuation in June 2026; ~350 employees; $50M Exquadrum acquisition; DIU Navy contract for runway-independent strike aircraft
TechCrunch: Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a yearReported2026-06-01 - 2
Raised $100M Series B at $470M valuation in June 2025; founded 2023 by Ethan Thornton
TechCrunch: Two-year-old defense tech Mach Industries confirms $100M raise led by Khosla, BedrockReported2025-06-17 - 3
HQ Huntington Beach, CA; US Army contract; 115,000 sq ft factory
TechCrunch: Mach Industries lands US Army contract, builds weapons factoryReported2025-03-04