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business22h ago
Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a year | TechCrunch
- Mach Industries raises $300 million in a Series C at a $1.8 billion valuation, quadrupling in a year.
- Mach built a 350-employee workforce and a 115,000-square-foot facility, with more plants planned for 2026.
- Mach expanded by acquiring Exquadrum for $50 million, creating Mach Energetics to sell rocket engines commercially.
- The Exquadrum acquisition gave Mach control of solid rocket motors and launched Mach Energetics for engines.
- Investors flocked to Mach due to high VC enthusiasm for defense tech alongside AI; Infinite Capital led the latest round with Ribbit, plus Sequoia, Khosla, and Bedrock expressing support.
- Mach plans to bring four new production facilities online by the end of 2026.
- Mach secures a Defense Innovation Unit contract to develop a large runway-independent Navy aircraft.
- Mach has shifted quickly from a small team to major production and government contracting.
- Mach operates in a high-growth niche of autonomous weapons and drone defenses amid Ukraine conflict.
- Mach expanded to five autonomous vehicle projects and commercial engine sales via Mach Energetics.
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