As the first defense tech investment of Sequrea Capital, Mitch Industries is the dear industry, which has increased Million by more than 80 million since its inception in 2023. Its founder, Ethan Thornton, who is now 21 years old, began the match as a young age MIT student to pay full -time attention at his beginning.
Forbes reported, a few months before the seed investment from Sequrea in the summer of 2023, Mach suffered a major blow: a hydrogen gun prototype that was building it, which exploded hundreds of pieces and injured the team member.
Speaking to Tech Crunch during his strictly strict hearing in San Francisco on April 3, Thornton addressed the incident for the first time, saying it was due to lack of safety resources.
“At that time, we were trying to fund him ourselves, and we did not have the money to run the procedure as they should have,” he said.
Thoronton said that after the blast, Mach Industries “must have stopped all works” until it raised funds from Sequatia Capital. Now, with these resources, Thornton says Mitch has a complete safety team and is working with the US military to develop new weapons.
Startups have also turned away from its initial focus on hydrogen, it is a gas that is famous. Speaking strongly, Thornton said that hydrogen is probably a “bad tech bat” that requires further development. But the axis didn't eliminate the mud – it is far from it.
Now, the mud is making a completely different type of weapon, such as a new cruise missile and a bomb called “glide” that can be fired from the edge of the space. It also recently signed a US military contract and announced plans for the network of decentralized factories called “Forge”.
According to Thoronton, “making a lot of prototypes” is an important part of why the VC has put $ 85 million in the company.
He remarked, “It is not necessary that I have the ability to prepare these things, but more than that, our capabilities have the potential to get the programs of record programs around us with the federal government.”
