defense tech / venture
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TechCrunch · United States · Mach Industries raises $300m at $1.8bn, quadrupling in a year on autonomous drone production
Reports the 4x jump from $470m Series B valuation in under a year. Profiles founder Ethan Thornton, 22, a MIT dropout from Huntington Beach, California, who built Mach around flexible manufacturing rather than a single-platform bet. Notes the Forge network is designed to spin up production of new weapons types in weeks rather than the multi-year timelines of traditional primes.
“Mach Industries quadruples to $1.8B in under a year on a bet that flexible manufacturing, not a single platform, is how autonomous weapons get to scale.”