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Mach Industries quadruples to $1.8bn as the Pentagon’s drone-dominance push lifts every defence-tech valuation

Posted on June 2, 2026 By 164news66 No Comments on Mach Industries quadruples to $1.8bn as the Pentagon’s drone-dominance push lifts every defence-tech valuation

Huntington Beach Defense-Tech Startup Raises $300M Series C at $1.8B Valuation

A Huntington Beach defense-tech startup run by a 22-year-old MIT dropout has raised a $300 million Series C at a $1.8 billion valuation, nearly four times its mark from June 2025. Mach Industries, the three-year-old defense-tech startup founded and led by Ethan Thornton, 22, has secured this significant funding round, highlighting the company’s rapid growth and impact.

This achievement is a testament to the innovative spirit of young entrepreneurs in the tech industry, who are challenging traditional paths and making their mark. The startup’s success story continues to resonate, as it navigates the bustling landscape of defense technology.

This tale unfolds in the world of startups, where dreams meet reality, and revolutionary ideas take center stage.

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