Defense startup Mach Industries doubles its valuation to $3.7 billion in just three months
Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .
Autonomous weapons are becoming one of the fastest-growing industries — money is flowing to where SI and robotics are changing war itself.
Mach raised $600 million as an extension of its Series C ($900 million in total in the round) from Ribbit, Infinite, Bedrock and Sequoia; in June the company was valued at $1.8 billion. It makes vertical-takeoff drones, long-range strike systems and counter-drone systems at a 115,000-square-foot factory in California, and in May it bought solid-rocket-motor maker Exquadrum. Founder Ethan Thornton is 22 and dropped out of MIT at 19.
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