Two-year-old defense tech Mach Industries confirms $100M raise led by Khosla, Bedrock 

Mach Industries, a rapidly growing defense technology startup founded in 2023 by 19-year-old CEO Ethan Thornton, has secured $100 million in new funding at a $470 million valuation. The round was led by Keith Rabois of Khosla Ventures and Geoff Lewis of Bedrock Capital, with participation from existing investor Sequoia, bringing the company’s total funding to approximately $185 million. Although the valuation increase since its Series A in October 2023 is modest, Mach has expanded significantly from 20 to 140 employees and developed three advanced weapons systems: the Viper, a jet-powered VTOL UAV; Glide, a high-altitude glider strike platform; and Stratos, an in-air satellite with sensor and communication functions. Mach has also gained notable contracts and infrastructure investments, including selection by the Army Applications Laboratory to develop a vertical takeoff precision cruise missile and plans for a 115,000-square-foot manufacturing facility in Huntington Beach, California. Thornton emphasizes the company’s