Ethan Thornton's Mach Industries raises $300M at $1.8B valuation
The 22-year-old founder's defense startup nearly quadrupled its valuation in a year as investors crowd into autonomous weapons.
By Ryan Merket · Published
Primary source: TechCrunch
Why it matters
Mach Industries shows how quickly defense tech valuations can move when investors believe a founder can turn prototypes into procurement. The unanswered question is whether Thornton can convert a $1.8 billion valuation into production, contracts and durable demand.
Ethan Thornton's Mach Industries has raised a $300 million Series C at a reported $1.8 billion valuation, TechCrunch reported Monday, making the 22-year-old founder and CEO one of the clearest beneficiaries of venture capital's defense-tech turn.…