Defense tech Mach Industries doubles valuation to $3.7B in 3 months
Defense tech startup Mach Industries has raised a fresh $600 million in capital in a Series C extension round that has doubled its valuation to $3.7 billion, the company announced on Thursday. It announced the original Series C in June, which was $300 million at a $1.8 billion valuation. Investors in both tranches include Ribbit Capital, Infinite Capital, Bedrock Capital and Sequoia.
That means that this raise represents a two-fold jump in just three months. The previous round was also a big increase: quadruple the valuation of an $100 million round at a $470 million valuation, announced in June 2025.
Mach manufactures a variety of unmanned military vehicles and weapons, including vertical takeoff and landing drones, systems intended for long-range strikes, and counter-drone systems. It operates a 115,000-square-foot manufacturing facility at its headquarters of Huntington Beach, California, with additional facilities located across the state.
Its pitch is that it...
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