Mach Industries, the defense technology founded by Ethan Thornton, 21, is about to close $ 100 million in funding co-directed by the new investor Khosla and the existing capital of being undergoing, a familiar source with the agreement explains to Techcrunch.
The new round will appreciate the company about $ 470 million, according to the source. However, the agreement has not concluded and the conditions may still change. Khosla’s investor who directs the agreement is Keith Rabois.
Mach Industries is a Buzzy Defense Tech startup, a status powered by its history of founding origin and its link with Sequoia. Thornton was only a teenager when he abandoned the MIT to found Mach Industries, which was the first technological investment in the Defense of Sequoia.
Mach is developing vertical take -off vehicles and weapons that can operate from the edge of space. It also develops smaller factories that can be easily built and distributed when more production is necessary.
In March, Mach announced that it was selected by the army applications laboratory to develop an vertical take -off cruising missile which he calls a “strategic strike”. He also announced plans for his first factory, an ease of 115,000 square feet in Huntington Beach, California.
This new funding is expected to bring the startup total funding to around $ 185 million to date. Sequoia led the seed series of $ 5.7 million in Mach, announced in June 2023. Geoff Lewis, founder of Bedrock Capital, led the 79 million Mach’s series a few months later.
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