News Summary

Mach Industries, a defense technology startup founded by 21-year-old Ethan Thornton, is set to secure $100 million in new financing. The funding round is co-led by new investor Khosla Ventures and existing investor Bedrock Capital, with Khosla’s Keith Rabois playing a significant role. This investment will value Mach Industries at approximately $470 million, although the deal has not yet closed. The startup, which was the first defense tech investment by Sequoia Capital, focuses on developing vertical liftoff vehicles and edge-of-space weapons. Recently, Mach Industries was selected by the Army Applications Laboratory to develop a vertical takeoff precision cruise missile named ‘Strategic Strike’. The company is also planning to establish its first factory in Huntington Beach, California. With this new funding, Mach Industries’ total capital raised will reach around $185 million.