Mach Industries
About
About Mach Industries
Mach Industries develops several effectors around simplified deployment and distributed manufacture. Viper is a turbojet-powered vertical-take-off one-way aircraft that can launch without a catapult or runway. Glide is a lighter precision-glide system, while Stratos, Pike and Dart address other strike and interceptor roles. The company also develops launch, propulsion and production infrastructure around the aircraft.
Viper’s vertical launch allows small units to deploy it from dispersed positions before the aircraft transitions into forward flight. Mission software handles navigation and the terminal route while the operator retains authority over employment. Mach is building its Forge manufacturing campus in California to move these systems from prototype programmes into serial defence production.
Supply
Supply chain relationships
- Heven AeroTech
Outbound - Manufacturing - Mach contract manufactures Heven H100, H2D55 and Raider drone platforms
Source
Funding
- 2026-09-10 - Series C continuation - $600M - Mach Industries raises additional $600M Series C extension
valuation: $3.7B - Mach Industries closed a continuation of its Series C financing to expand defence-system development and manufacturing. - source: prnewswire.com
- 2026-06-02 - Series C - $300M - Mach Industries raises $300 million Series C at $1.8 billion valuation
valuation: $1.8B - Mach Industries raised $300M Series C at $1.8B led by Infinite Capital and Ribbit, producing 10 vehicles/week. - source: machindustries.com
- 2025-06-17 - Series B - $100M - Mach Industries raises $100M Series B at $470M post-money valuation
valuation: $470M - Mach Industries raised $100M Series B co-led by Khosla and Bedrock to scale unmanned defense systems and Forge manufacturing. - source: prnewswire.com
- 2023-10-04 - Series A - $79M - Mach Industries raises $79 million Series A for defense hardware
valuation: $335M - Mach Industries closed $79M Series A led by Bedrock Capital at $335M post-money for defense hardware. - source: techcrunch.com
- 2023-06-15 - Seed - $5.7M - Sequoia leads $5.7 million seed round for Mach Industries
Mach Industries raised $5.7M seed led by Sequoia Capital, its first defense-tech investment, for hydrogen-enabled defense systems. - source: reuters.com
Investors
- Bedrock Capital - Lead - VC - 4 funding events - repeat backer - first seen 2023-10-04 - latest 2026-09-10
- Sequoia Capital - Lead - VC - 4 funding events - repeat backer - first seen 2023-06-15 - latest 2026-06-02
- Infinite Capital - Lead - VC - 2 funding events - repeat backer - first seen 2026-06-02 - latest 2026-09-10
- Khosla Ventures - Participant - VC - 2 funding events - repeat backer - first seen 2025-06-17 - latest 2026-06-02
- Marque Ventures - Participant - VC - 2 funding events - repeat backer - first seen 2023-06-15 - latest 2023-10-04
- Ribbit Capital - Lead - VC - 2 funding events - repeat backer - first seen 2026-06-02 - latest 2026-09-10
- 1517 Fund - Participant - VC - 1 funding event - first seen 2023-06-15
- Aloft VC - Participant - Angel / Individual - 1 funding event - first seen 2023-10-04
- Champion Hill Ventures - Participant - VC - 1 funding event - first seen 2023-06-15
- DCVC - Participant - VC - 1 funding event - first seen 2023-10-04
- Sequoia - Participant - Unknown - 1 funding event - first seen 2026-09-10
Team
- Ethan Thornton - Founder and Chief Executive Officer
- Anand Gopalan - Chief Autonomy and Systems Officer - Leads Mach's autonomy, avionics, GNC, and advanced AI organizations for contested unmanned systems.
Timeline
Events
- 2026-09-10 - Funding - Mach Industries raises additional $600M Series C extension
Ribbit Capital, Infinite Capital, Bedrock Capital and Sequoia continued their backing in the financing. The capital will support long-range strike and counter-UAS platform development and expansion of manufacturing infrastructure. The continuation follows the $300 million Series C tranche announced in June 2026.
Source - 2026-06-02 - Funding - Mach Industries raises $300 million Series C at $1.8 billion valuation
Infinite Capital and Ribbit Capital co-led the Series C, with longstanding backers Bedrock Capital, Sequoia Capital and Khosla Ventures also identified. The round valued Mach Industries at $1.8 billion. Mach said the capital would expand Forge and Mach Propulsion, advance second-generation systems and support government customer programmes.
Source - 2026-05-19 - Acquisition - Mach Industries acquires Exquadrum for propulsion and energetics capabilities
Mach Industries acquired Exquadrum to expand its ability to design, manufacture, test, and iterate next-generation unmanned systems. Exquadrum adds solid rocket motor propulsion, launch capabilities, divert and attitude control systems, munitions, testing, and technical services. TechCrunch reported the deal as a $50 million cash-and-equity acquisition and said Exquadrum was folded into Mach as Mach Energetics.
Source - 2026-04-14 - Executive Hire - Mach Industries appoints Anand Gopalan to lead autonomy and systems organizations
Mach Industries appointed Anand Gopalan as Chief Autonomy and Systems Officer. Gopalan will lead autonomy, avionics, guidance, navigation and control, and advanced AI organizations. The appointment adds senior autonomy and sensor-fusion leadership as Mach develops next-generation unmanned systems.
Source - 2026-03-24 - Partnership - Mach Industries selects Nominal for test infrastructure across strike and surveillance systems
Mach Industries selected Nominal to run test infrastructure for next-generation strike and surveillance systems. The partnership connects simulation, test, and factory-floor operations with automated readiness decisions and traceability. The event supports Mach's design-build-test loop for UAV and aerospace defense hardware.
Source - 2026-02-25 - Market Signal - Mach Industries opens San Francisco hub for engineering and defense partnerships
Mach Industries opened a new hub in San Francisco while keeping its headquarters at Forge 1 in Huntington Beach. The company said the site will support advanced engineering, design, partnerships, and technology ecosystem collaboration. The expansion supports demand from U.S. military and allied partners for next-generation unmanned defense systems.
Source - 2026-02-17 - Partnership - Divergent and Mach Industries launch Venom autonomous strike aircraft prototype
Venom moved from concept to a flight-ready prototype in 71 days. Mach set baseline requirements and architecture while Divergent executed digital design and 3D-printed structural assemblies.
Source - 2026-01-06 - Product Launch - Mach Industries introduces Dart low-cost kinetic counter-drone interceptor
Mach Industries introduced Dart as a low-cost kinetic interceptor for counter-drone operations. The company said Dart is designed to defeat low-cost drone swarms with an interceptor approach. The product extends Mach's portfolio from strike and surveillance systems into air defense for unmanned warfare.
Source - 2025-06-17 - Funding - Mach Industries raises $100M Series B at $470M post-money valuation
Mach Industries closed a $100 million Series B at a reported $470 million post-money valuation. Khosla Ventures and Bedrock Capital co-led the round, with Sequoia Capital participating. Mach said the capital would scale unmanned defence systems, Forge Huntington, Mach Propulsion and deployment of Viper, Glide and Stratos.
Source - 2025-03-18 - Partnership - Mach Industries and Heven Drones partner on U.S. drone manufacturing
The partnership covers manufacturing at Mach’s 115,000-square-foot Forge Huntington facility in Huntington Beach. Heven identified the H100, H2D55 and Raider as initial aircraft covered by the production relationship. The companies framed the programme as U.S.-based capacity for defense customers seeking larger volumes and reduced reliance on foreign supply chains.
Source - 2025-03-04 - Contract Award - U.S. Army tasks Mach Industries with Viper vertical-takeoff cruise-missile development
The U.S. Army Applications Laboratory selected Mach Industries to develop Viper, a vertical-takeoff strategic strike cruise missile for maneuver units. Viper is designed for launch without runway or additional launcher infrastructure. Reporting described Viper as a long-range attritable strike asset intended for decentralized deployment.
Source - 2023-10-04 - Funding - Mach Industries raises $79 million Series A for defense hardware
Mach Industries closed a $79 million Series A led by Bedrock Capital. TechCrunch reported the round valued the company at $335 million post-money. The financing supported development of defense hardware after Mach's earlier Sequoia-led seed round.
Source - 2023-06-15 - Funding - Sequoia leads $5.7 million seed round for Mach Industries
Mach Industries raised a $5.7 million seed round led by Sequoia Capital. Reuters described the round as Sequoia's first defense-technology investment. The company was initially focused on hydrogen-enabled defense systems and unmanned aerial applications.
Source
Relations
Relationships
- Nominal
Technology Partner - Mach Industries uses Nominal test infrastructure for strike and surveillance systems.
- Exquadrum
Acquired Company - Mach Industries acquired Exquadrum for solid rocket motor, energetics, and propulsion capabilities as Mach Energetics.
- Heven AeroTech
Production Partner - Heven Drones partnered with Mach Industries for U.S. defense drone production at Mach's Huntington Beach facility.
Commercial
- U.S. Army tasks Mach Industries with Viper vertical-takeoff cruise-missile development
2025-03-04 · Order / contract · U.S. Army Applications Laboratory selected Mach Industries to develop Viper, a VTO strategic strike cruise missile.
Source