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Huntington Beach-based defense startup Mach Industries said it raised $300 million in a Series C round that values the company at $1.8 billion.
The round was led by Infinite Capital and Ribbit Capital and attracted participation from existing backers including Sequoia Capital, Khosla Ventures and Bedrock Capital.
Founded in 2023 by Ethan Thornton, the company builds advanced unmanned systems — including Viper, Glide, Stratos, Dart and Pike — and supplies U.S. military customers such as the Army, Air Force and SOCOM as well as allied governments.
Mach said the funds will expand its Forge flexible manufacturing network, advance propulsion and energetics work (following its acquisition of Exquadrum, now Mach Energetics), accelerate product development and scale production and headcount.
Company executives have signalled plans to ramp production and enlarge its workforce to support transition from rapid development to scaled manufacture of strike and surveillance systems.







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