In a wild ride for 22-year-old founder and CEO Ethan Thornton, Mach Industries has raised another $300 million.
It already has five autonomous vehicles in development and completed a major acquisition.
Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a year
In a wild ride for 22-year-old founder and CEO Ethan Thornton, Mach Industries has raised another $300 million. It already has five autonomous vehicles in development and completed a major acquisition.
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<a href="https://desdunia.com/startups/defense-tech-darling-mach-industries-hits-18b-valuation-a-4x-jump-in-a-year" target="_blank" rel="nofollow noopener">Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a year</a> (Desdunia, 2026-06-01)
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[Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a year](https://desdunia.com/startups/defense-tech-darling-mach-industries-hits-18b-valuation-a-4x-jump-in-a-year) — Desdunia (2026-06-01)
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<blockquote cite="https://desdunia.com/startups/defense-tech-darling-mach-industries-hits-18b-valuation-a-4x-jump-in-a-year">Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a year</blockquote>
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