Mach Industries has raised $300 million in a Series C funding round, valuing the defense startup at $1.8 billion, up from $470 million last year.
Co-led by Infinite Capital and Ribbit Capital, with participation from Bedrock Capital, Sequoia Capital, and Khosla Ventures, this round has brought Mach's total funding to over $485 million since its inception.
Based in Huntington Beach, California, Mach focuses on vertically integrated unmanned defense systems, producing autonomous weapons platforms in-house. Notable products include the Viper, a vertical-takeoff strike vehicle; Glide, a high-altitude glider; and Stratos, an airborne platform. Six additional weapons programs are under development.
In April 2026, Mach acquired Exquadrum for $50 million, enhancing its in-house capabilities and integrating them into its manufacturing network known as the Forge.
The company has grown to about 350 employees, a move fueled by the recent capital infusion. Currently, Mach supplies the US Department of Defense, serving multiple branches including the Army, Air Force, and Special Operations Command.
For investors, Mach Industries presents a clear defense technology play, distinguishing itself from trends in cryptocurrency or digital assets. The involvement of established investors in autonomous weapon platforms indicates a shift in capital allocation preferences toward defense technology.