Mach Industries quadruples to $1.8bn as the Pentagon’s drone-dominance push lifts every defence-tech valuation
The Huntington Beach defence-tech startup, run by a 22-year-old MIT dropout, has raised a $300M Series C at a $1.8bn valuation, nearly 4x its mark from June 2025. Mach Industries, the three-year-old defence-tech startup run by 22-year-old founder and chief executive Ethan Thornton, has raised a…
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