# Mach Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mach-industries

- Industry: Defence
- Headquarters: US
- Website: www.machindustries.com
- Total disclosed funding: $1.1B
- Latest round: Series C (Sep 10, 2026)
- Investors on record: 11

## About

Based in Massachusetts, US, Mach Industries Inc. operates as a manufacturing company of hydrogen-powered defense systems for the US and its union countries. Based in Massachusetts, US, and founded in 2023 by Ethan Thornton (CEO), Mach Industries Inc. operates as a manufacturing company of hydrogen-powered defense systems for the US and its union countries. Mach Industries Inc. is an owner of a defense technology company that wants to use hydrogen to revolutionize the defense industry. The company contributes to the development of an enhanced defense system for the United States and its partners by establishing an integrated energy chain powered by hydrogen. This system uses the chemical reaction of oxygen and hydrogen to create explosions that can be used to power unmanned aerial vehicles and aerial protection devices, providing clients with cutting-edge weapon systems. The company generates revenue primarily through contracts with the U.S. Department of Defense and allied government agencies, including programs with the U.S. Army, Air Force, and Special Operations Command. Its income is driven by the development, production, and delivery of unmanned aerial systems, propulsion technologies, and related defense hardware.

## Funding rounds

- Series C, Sep 10, 2026, $600M — Sequoia, Khosla Ventures, Ribbit Capital, Bedrock, Infinite Capital
- Series C, Jun 1, 2026, $300M — Sequoia, Khosla Ventures, Ribbit Capital, Winklevoss Capital, 1517 Fund, Bedrock, Infinite Capital
- Series B, May 1, 2025, $100M — Hong Shan, Khosla Ventures, Bedrock
- Series A, Sep 19, 2023, $84M — DCVC, Bedrock, Marque Ventures
- Seed, Jun 15, 2023, $5.7M — Hong Shan, Champion Hill Ventures, Marque Ventures

## Investors

- Hong Shan — Seed, Series B
- Champion Hill Ventures (https://capitalatlas.ai/funds/champion-hill-ventures) — Seed
- Marque Ventures (https://capitalatlas.ai/funds/marque-ventures) — Seed, Series A
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A
- Bedrock (https://capitalatlas.ai/funds/bedrock) — Series A, Series B, Series C
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series B, Series C
- Sequoia (https://capitalatlas.ai/funds/sequoia) — Series C
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series C
- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Series C
- 1517 Fund (https://capitalatlas.ai/funds/1517-fund) — Series C
- Infinite Capital (https://capitalatlas.ai/funds/infinite-capital) — Series C