Ethan Thornton
Founder and CEO of Mach Industries, speaking at StrictlyVC LA on defense tech.
“Mach Industries (defense UAVs, $300M at $1.8B) — designs and manufactures defense systems for unmanned aerial vehicles.”
“Mach Industries closed a $300M Series C at a $1.8B valuation... has now raised roughly $485 million altogether.”
Source→“Mach Industries is running six weapons programs... 'It is a chess game you're playing with an adversary,' he said, 'with hundreds of different products that need to be shipped if we want security.'”
Source→“Ethan Thornton | Founder & CEO, Mach Industries | Speaking at StrictlyVC LA on 'building for the new era of defense tech.'”
Source→“"We went out to raise 200 [million dollars] and we were extremely oversubscribed at 200 and happy with the price, so we decided to push up to 300. We're still oversubscribed at the 300 mark." — Ethan Thornton”
Source→“Mach Industries nearly 4x'd its valuation in one year (from $470M to $1.8B)...and is building a portfolio of five autonomous weapons systems.”
Source→“Mach Industries nearly 4x'd its valuation in one year (from $470M to $1.8B), raised a $300M Series C that was oversubscribed even after being upsized.”
Source→“When I saw Ethan Thornton from Mock raising $70 million as a 19-year-old, I'm like, wait, Ethan is like a chill guy and a good friend. And like, maybe I could do something like that one day.”
Source→“When I saw Ethan Thornton from Mock raising $70 million as a 19-year-old”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.