Defense tech Mach Industries doubles valuation to $3.7B in 3 months
The buzzy startup raised $600 million in its Series C round.
defense tech
Castelion hits $13B valuation to mass-produce hypersonic missiles
Founded in 2022, Castelion set out to manufacture hypersonic weapon systems at a lower cost and at faster speeds than traditional defense primes.
Terra Industries closes $52M seed round to build defense infrastructure for the Global South
African defense tech company Terra Industries announced an additional $18 million in funding, bringing its seed round to $52 million.
Anduril reportedly in talks to raise funding at $100B valuation, more than 3x last year’s mark
Anduril is said to be raising a new round of funding that may push its valuation up to about $100 billion, per Reuters.
Ethan Thornton is trying to do everything all at once
Mach’s approach differs sharply from some of its peers.
Defense tech is flooded with money, but who’s built to last?
Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U.S. government is proposing a 40% increase in defense budget. A wave of new startups is chasing those government contracts, but according to Ross Fubini, the venture investor who wrote Anduril’s first check, most of them will get lost in the Valley of Death between prototype contract […]
Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a year
In a wild ride for 22-year-old founder and CEO Ethan Thornton, Mach Industries has raised another $300 million. It already has five autonomous vehicles in development and completed a major acquisition.
Mach Industries just spent $50M to solve a major defense tech problem
Mach says the acquisition meaningfully improves unit economics across its five vehicle programs at exactly the moment the company is starting to scale.
Anduril raises $5B, doubles valuation to $61B
After achieving $2.2 billion in revenue in 2025, the defense tech startup has raised another massive round, led by Thrive and a16z, it says.
Hardware testing startup Nominal hits $1B valuation, raises $155M in 10 months
Nominal provides hardware testing equipment to defense tech companies. Founders Fund led the preemptive deal.