person

Ethan Thornton

Founder and chief executive of defence manufacturer Mach Industries, which he started in 2023 after leaving MIT.

Current clusters

invest1 publisher

Mach's $600m tranche buys roughly the same slice of the company that $300m bought in June

Ribbit, Infinite, Bedrock and Sequoia put $600m into Mach Industries at $3.7bn, three months after $300m at $1.8bn. On those marks the second cheque takes 16.2 per cent of the company and the first took 16.7.

Publishers:techfundingnews.com

Reality

Evidence34
Adoption22
Hype gap+30
Incentives68
Confidence40

invest1 publisher

The four funds that priced Mach at $1.8bn in June repriced it at $3.7bn

Ribbit, Infinite, Bedrock and Sequoia have put another $600m into Mach Industries at more than double the valuation they themselves set three months ago, lifting the Series C to $900m and lifetime funding past $1bn.

Publishers:techfundingnews.com

Reality

Evidence40
Adoption20
Hype gap+32
Incentives74
Confidence45