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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 vehicle…

FundraisingStartupsTCTransportationautonomous vehiclesdefense techmach industries
TechCrunch Jun 1, 2026, 21:40 UTC
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Mach Industries just spent $50M to solve a major defense tech problem

Mach says the acquisition meaningfully improves unit economics across its five vehicle programs at exactly the moment the company is starting to scale…

HardwareTCandurildefense techEthan Thorntonmach industries
TechCrunch May 19, 2026, 21:09 UTC

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