Mach Industries Closes $79M Series A at $335M Valuation
Mach Industries successfully closed a $79 million Series A round, led by Bedrock, driving its post-investment valuation to $335 million.
Ethan Thornton, Mach CEO, later told TechCrunch that the funds are from investors including “Bedrock, DCVC, Marque [Ventures] and others to build defense hardware.”
Mach Industries specializes in developing hydrogen-powered solutions, including unmanned aerial vehicles and hydrogen generation systems, with a vision of revolutionizing how the U.S. government procures defense systems.