Mach Industries raises $600 million to expand manufacturing capacity, extending its Series C round. The defense startup develops autonomous aircraft including Viper, a vertically launched drone developed under a U.S. Army contract, as well as long-range Glide and Pike and drone-interceptor Dart. Mach is building an in-house manufacturing system, operates a 115,000-square-foot California plant, and spent $50 million to acquire rocket motor manufacturer Exquadrum in May.
Mach Industries raises $600 million in a Series C extension, doubling its valuation to $3.7 billion three months after announcing its original $300 million Series C at a $1.8 billion valuation. The company makes unmanned military vehicles and weapons, including vertical takeoff and landing drones, long-range strike systems, and counter-drone systems, and operates a 115,000-square-foot facility in Huntington Beach, California. Its Exquadrum acquisition underpins Mach Energetics, which produces solid rocket motors and energetic systems, while Mach Propulsion is developing jet-engine manufacturing.
Sep 2026 · TechCrunchNews article
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