Defense tech Mach Industries doubles valuation to $3.7B in 3 months
Defense tech startup Mach Industries has raised $600 million in a Series C extension, doubling its valuation to $3.7 billion. The company specializes in unmanned military vehicles and recently acquired Exquadrum to bolster its production of solid rocket motors.
Why it matters
The rapid valuation growth highlights the increasing investor appetite for agile, tech-forward defense contractors that challenge traditional industry incumbents.
Defense tech startup Mach Industries has raised a fresh $600 million in capital in a Series C extension round that has doubled its valuation to $3.7 billion, the company announced on Thursday. It announced the original Series C in June, which was $300 million at a $1.8 billion valuation. Investors in both tranches include Ribbit Capital, Infinite Capital, Bedrock Capital and Sequoia.
That means that this raise represents a two-fold jump in just three months. The previous round was also a big increase: quadruple the valuation of an $100 million round at a $470 million valuation , announced in June 2025.
Mach manufactures a variety of unmanned military vehicles and weapons, including vertical takeoff and landing drones, systems intended for long-range strikes, and counter-drone systems. It operates a 115,000-square-foot manufacturing facility at its headquarters of Huntington Beach, California, with additional facilities located across the state.
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