Mach Industries raises $300 million Series C at $1.8 billion valuation
Mach Industries raised $300M Series C at $1.8B led by Infinite Capital and Ribbit, producing 10 vehicles/week.
Evidence notes
- 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.
Company context
Mach Industries develops and manufactures unmanned defense systems, propulsion, munitions, and distributed production infrastructure for U.S. and allied defense customers. Its portfolio includes Viper, Glide, Stratos, Pike, Dart, Forge manufacturing infrastructure, and energetics capabilities for unmanned warfare.