Founded in 2023 and based in Huntington Beach, California, Mach Industries develops autonomous aerial vehicles and related weapons and propulsion systems. In roughly three years the company has grown from about a dozen employees to roughly 350 and operates a 115,000-square-foot manufacturing facility with additional design and production sites. Mach has five vehicles in development and expects production to begin next year on at least three systems, and it recently won a Department of Defense contract to develop a runway-independent strike aircraft. The company acquired solid rocket motor startup Exquadrum in a $50 million cash-and-equity deal and launched Mach Energetics to commercialize engines. Thornton declined to disclose revenue, but said current sales are split roughly 50/50 between government customers and other companies, and the firm is rapidly scaling manufacturing and production capacity.

Total raised

$485M

Funding rounds

4

Latest round

Series C

Latest activity

Jun 2026