Defense startup Mach Industries has raised $5.7 million in a seed round led by Sequoia Capital, the first-ever defense tech investment in the venture capital giant's history, the two companies said.
"There is a major modernization effort underway to advance the U.S. defense technology and build a new generation of military systems." “We've built out facilities in Boston and Austin and are now moving towards production. We are looking to have deployed systems within the next year,” Thornton said in a phone interview with Reuters, adding that the company already works with the Pentagon on research.
However, growing recognition of the importance of defense technology in protecting national security has prompted venture capital firms including Andreessen Horowitz and Founders Fund to become vocal about funding defense technology startups, including Anduril and Palantir.
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