GoKawiilMach Industries valuation hits $3.7B after $600M Series C extension
Defense tech startup Mach Industries raised $600 million in a Series C extension, pushing its valuation to $3.7 billion just three months after a $300 million round valued it at $1.8 billion. Backers in both rounds include Ribbit Capital, Infinite Capital, Bedrock Capital and Sequoia. The company makes unmanned military vehicles, including VTOL drones, long-range strike systems and counter-drone tech, from its Huntington Beach, California facility.