Defence Unmanned-Systems Maker Mach Closes $300M Series C at $1.8B Value

What happened: .

The round led by Infinite Capital and Ribbit Capital valued the company at $1.8 billion. Existing backers Bedrock Capital, Sequoia Capital, and Khosla Ventures also participated.

Why it matters: 

Funds will also expand Mach Propulsion, advance second-generation systems, and deepen ties with the U.S. Department of War customers including the Army, Air Force, and SOCOM, plus allied governments. The company recently acquired Exquadrum, now rebranded Mach Energetics, to bring energetics systems and test facilities in-house.

Industry context: 

Mach builds unmanned systems and vertically integrates weapons, propulsion, and manufacturing. It now runs five vehicle programs: Viper, Glide, Stratos, Dart, and Pike. Production is expected to start on at least three systems this year. The company has added senior technical, operational, and government-engagement leaders..