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Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a year

TechCrunch • Mon, 01 Jun 2026

Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a year

In a wild ride for 22-year-old founder and CEO Ethan Thornton, Mach Industries has raised another $300 million. It already has five autonomous vehicles in development and completed a major acquisition.

What happened?

In a wild ride for 22-year-old founder and CEO Ethan Thornton, Mach Industries has raised another $300 million. It already has five autonomous vehicles in development and completed a major acquisition.

Story details

In a wild ride for 22-year-old founder and CEO Ethan Thornton, Mach Industries has raised another $300 million.

It already has five autonomous vehicles in development and completed a major acquisition.

Why it matters

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Original source

https://techcrunch.com/2026/06/01/defense-tech-darling-mach-industries-hits-1-8b-valuation-a-4x-jump-in-a-year/