Rising star defense tech startup Mach Industries is raising $100 million, sources say

Mach Industries, founded by 21-year-old Ethan Thornton after dropping out of MIT, has raised $100 million in fresh funding led by Khosla and valued at nearly $470 million. The company is advancing advanced defense technologies, including vertical liftoff vehicles and weapons, with a notable contract for its "Strategic Strike" precision cruise missile signed with the Army Applications Laboratory. Sequoia Capital previously invested in the company's growth.