Mach Industries closed a $300 million Series C at a $1.8 billion valuation, bringing total funding to roughly $485 million.
Big defense-tech rounds are landing in a market that has spent the past year rewarding focus, not breadth.
These are not simple products, which is what makes the all-at-once approach so aggressive.
Thornton thesis is that the United States cannot out-manufacture China, so it has to out-create it.
The company Mach most resembles is Anduril, the startup against which every defense-tech firm gets measured.
Read the complete breakdown, fixes and what happens next.