Hi, it’s Preston Fore, in for Allie. Earlier this month, defense tech firm Mach Industries raised $600 million in a Series C extension at a $3.7 billion valuation.
That’s more than double the $1.8 billion valuation Mach reached just three months earlier when it raised its initial $300 million Series C led by Ribbit Capital, Infinite Capital, Bedrock Capital, and Sequoia Capital. But perhaps more striking than the pace of the raises is who’s leading them: Mach, which builds autonomous defense systems, is run by a 22-year-old.
