Mach Industries: Funding, Investors & Team (Oct 2026)
Mach Industries specializes in creating defense systems for unmanned aerial vehicles and missiles, as well as the necessary propulsion and manufacturing infrastructure. Their main product, the "Forge" model, streamlines the production of drone components in various factories. The company's latest project is the Viper vertical-takeoff cruise missile, which has a range of 290 km and is equipped with AI-guided navigation for areas without GPS. Mach has recently secured a contract from the U.S. Army Applications Laboratory for their "Strategic Strike" missile, undergoing successful design and test flights from September 2024 to January 2025. Additionally, Mach partners with Heven Drones to manufacture hydrogen-powered UAVs in the US, aiming to reduce dependence on foreign supply chains.
Mach Industries has raised $1.1B across 5 funding rounds on record, the most recent a Series C of $600M announced in Sep 2026.
That round is above the $8.0M median round size for Government and Military companies tracked on FundedIQ over the last two years.
Mach Industries Company Profile and Key Stats
Latest funding round on record: Sep 2026.
Mach Industries Funding Rounds
Mach Industries raised $5.7M in a Seed announced in Jun 2023.
4 months later, a Series A of $79.0M was announced in Oct 2023.
1.7 years later, a Series B of $100M was announced in Jun 2025.
1 years later, a Series C of $300M was announced in Jun 2026.
3 months later, a Series C of $600M was announced in Sep 2026.
Mach Industries Investors
17 investors are recorded in total; the 5 named above are those the record identifies.
Mach Industries Founders and Leadership Team
Contact details for the Mach Industries team: 3 of 4 have an email address on file, 2 have a LinkedIn profile.
Start 14-day free trial →Mach Industries Funding Compared to Other Government and Military Startups
Mach Industries' latest round of $600M is above the median round in Government and Military. Medians cover the last 24 months of disclosed rounds.
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Mach Industries Funding FAQs
What does Mach Industries do?
Mach Industries specializes in creating defense systems for unmanned aerial vehicles and missiles, as well as the necessary propulsion and manufacturing infrastructure. Their main product, the "Forge" model, streamlines the production of drone components in various factories. The company's latest project is the Viper vertical-takeoff cruise missile, which has a range of 290 km and is equipped with AI-guided navigation for areas without GPS. Mach has recently secured a contract from the U.S. Army Applications Laboratory for their "Strategic Strike" missile, undergoing successful design and test flights from September 2024 to January 2025. Additionally, Mach partners with Heven Drones to manufacture hydrogen-powered UAVs in the US, aiming to reduce dependence on foreign supply chains.
How much funding has Mach Industries raised?
Mach Industries has raised $1.1B across 5 rounds on record. The most recent is a Series C of $600M announced in Sep 2026.
When did Mach Industries last raise funding?
Mach Industries' most recent funding round on record is a Series C of $600M, announced in Sep 2026.
Who has invested in Mach Industries?
Investors on record for Mach Industries include Sequoia Capital, Khosla Ventures, BoxGroup, DCVC, Ribbit Capital. FundedIQ records 17 investors in total.
Who founded Mach Industries?
FundedIQ lists Ethan Thornton (Founder), Mach Industries Ltd (Founder) at Mach Industries.
Where is Mach Industries headquartered?
Mach Industries is based in Huntington Beach, California, United States.
How many employees does Mach Industries have?
Mach Industries is in the 101-250 employee band.
When was Mach Industries founded?
Mach Industries was founded in 2023.
How does Mach Industries' funding compare to other Government and Military startups?
Mach Industries' latest round of $600M is above the $8.0M median round size for Government and Military companies on FundedIQ across 244 tracked companies over the last two years.
About FundedIQ's Mach Industries Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Mach Industries is left off this page rather than filled in.
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