The 21 -year -old is about to close a fresh $ 100 million in financing by Defense Tech, Mach Industries, new investor Khosla and current investor Badrick Capital, founded by Ethan Thoronton, who is aware of the deal.
According to the source, the new era will value $ 470 million to the company. However, the contract is not closed and the terms can still be changed. Khosla, who led this agreement, is Keith Rabuis.
Mach Industries is a Boyzi Defense Tech Startup, which is presented by its founder’s original story and contact with Sekiya. Thoronton was only one teenager when he searched for Mitch Industries outside MIT, which was Sequeria’s first defense tech investment.
Mach is developing a vertical elevator of vehicles and weapons that can operate from the edge of the space. It is also manufacturing small factories that can be easily constructed and distributed if more production is needed.
In March, Mit announced that it was selected by the Army applications laboratory to develop a vertical take -off presented cruise missile, called the “Strategic Strike”. It also announced its first factory, 115,000 square feet of convenience projects in Huntington Beach, California.
The total funding of this new funding should be brought to about $ 185 million to date. Sequoia led Mach’s $ 7.7 million seed round, which was Announced In June 2023. A few months later, Bedrock Capital founder Jeff Lewis led the Million Million 79 million series A round.
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