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Defense Startup Mach Industries Closes $79M Series A At $335M Valuation

Oct 04, 2023almost 2 years ago

Amount Raised

$79 Million

Round Type

series a

Huntington BeachOther

Investors

EpirusModern IntelligenceAndurilMach1517 FundChampion Hill VenturesSequoia CapitalBedrockBedrock Capital

Description

Defense tech darling Mach Industries has closed a $79 million Series A led by Bedrock Capital in a deal that catapulted their post-money valuation to $335 million, multiple sources tell TechCrunch.

Company Information

Company

Mach Industries

Location

5473 Bolsa Ave.

Huntington Beach, California, United States

About

Mach exists to build next generation defense platforms that maintain an allied American edge. We will produce these platforms by the millions to deter kinetic conflict.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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