Reported 4 months ago
At 19, Ethan Thornton founded Mach Industries with $85 million in funding from investors to develop hydrogen-powered weaponry, reaching a valuation of $335 million. Despite the investment, the company faced challenges with safety issues and leadership concerns. Thornton's ambitious projects, like hydrogen-powered firearms and a mobile weapon, faced setbacks due to cost issues. The defense tech startup scene, attracting substantial VC funding, highlights the agility and innovation startups bring to the sector. Startups like Anduril Industries are securing contracts with the U.S. military, signaling their increasing role in addressing modern security challenges.
Source: YAHOO