Mach Industries, a new industrial base for the unmanned era of American defense, announced the closing of its $100 million Series B. The funding round was led by Khosla Ventures and Bedrock, with participation from Sequoia Capital and existing investors. Bedrock previously backed the Company at the Seed stage and led its Series A.
Mach Industries is building a vertically integrated and full-stack industrial base for the era of unmanned warfare. And through its decentralized manufacturing platform, Forge, and a growing portfolio of autonomous defense systems, the company delivers modern military speed, scale, and survivability to the U.S. and its allies.
How the funding will be used: The new funding round will be used to advance the expansion of Forge Huntington, which is Mach’s flagship manufacturing platform. The funding will also be used to scale Mach Propulsion, its tactical engine division and drive continued deployment of its core systems Viper, Glide and Stratos. Mach also works with customers across the U.S. Department of Defense, including the Army, Air Force, and SOCOM–as well as allied governments. The second-generation systems are also in development.
With this funding, Mach will also further industrialize its operations, deploying production capacity faster, closer to demand, and at greater scale. Its distributed model is designed for operational resilience and rapid iteration, ensuring the U.S. and its allies can field next-generation systems when and where they are needed most.
Recent milestones: This funding announcement follows recent Mach milestones including multiple industry partnerships and contracts, the launch of the company’s flagship factory, Forge Huntington; and the launch of Mach Propulsion.
KEY QUOTES:
“Mach Industries exists to enhance national readiness and preserve America’s strategic edge. Global security depends on America’s ability to create asymmetric unmanned capability. That means scaling production, building new facilities and fielding systems that deter conflict.”
Ethan Thornton, Founder and CEO
“Mach’s vertically integrated and distributed model is exactly what the future of defense requires. In an era where speed and resilience define strength, Mach is delivering the systems that safeguard peace.”
Ben Kany, Principal at Bedrock
“Mach has developed a fundamentally new way to deliver tactical unmanned capabilities–faster, cheaper, and with fewer constraints than traditional defense players. Their model is purpose-built for the realities of modern conflict.”
Keith Rabois of Khosla Ventures
