Mach Industries, an Austin, TX-based defense tech startup, reportedly raised $79M in Series A funding at a post-money valuation of $335M.
The round was led by Bedrock Capital with participation other backers including DCVC, Marque and others.
The company intends to use the funds to expand operations and its development efforts to build defense hardware.
Led by Ethan Thornton, Mach CEO, Mach Industries is advancing a suite of oxyhydrogen defense platforms, including unmanned aerial vehicles (UAVs) and aerial protection devices. The company uses hydrogen that can be manufactured in the field using readily available resources, such as electricity or aluminum, and water to spearhead a hardware-first approach to defense and enable advancements in range and power for projectiles and loiter time and speed for aerial systems.
Mach Industries also has a hardware facility in Boston, MA.
FinSMEs
05/10/2023