# Mach Industries Series C In **June 2026**, [[Mach Industries]] closed a **$300 million Series C** at a **$1.8 billion valuation** — roughly 4x its $470M Series B valuation from a year earlier. The round was **oversubscribed** from a $200M target, led by **Infinite Capital** with participation from Ribbit Capital, [[Sequoia Capital]], [[Khosla Ventures]], and Bedrock Capital. ## Why It Matters The raise is a clean marker of the [[Defense Tech as Asset Class]] dynamic: a three-year-old company founded by a 22-year-old ([[Ethan Thornton]]) quadrupling its valuation in twelve months, driven by a Pentagon reorientation toward "drone dominance" and cheap, mass-producible autonomous weapons. The capital is arriving ahead of combat-proven results — investors are buying the thesis that production volume, not exquisite platforms, decides modern wars. It belongs in the same procurement-surge story as [[Anduril Series H]] and the broader autonomous-systems funding wave. ## See Also - [[Mach Industries]] - [[Ethan Thornton]] - [[Defense Tech as Asset Class]] - [[Autonomous Weapons]] - [[American Dynamism]]