Defense Startup Mach Industries Closes $79M Series A At $335M Valuation
Oct 04, 2023•almost 2 years ago
Amount Raised
$79 Million
Round Type
series a
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.
Funding Insights
Based on industry dataVC-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