Defense Tech Startup Mach Industries Raises $300 Million, Triples in Value

Mach Industries, a three-year-old defense technology company founded by MIT dropout Ethan Thornton, raised $300 million in June 2026, pushing its valuation to $1.8 billion—more than triple its 2025 value. The jump reflects growing investor interest in military technology as geopolitical tensions mount and the U.S. military seeks modern equipment and systems.