Browsing: Defense

Fergus O’Sullivan is an editor at Startup Kitchen who reports from both Prague and Ukraine. AIN team met him during the Global Tech Kharkiv 2026 conference. He shared his insights on why Ukrainian deftech is miles ahead of Europe and what Western investors still misunderstand about running a business during the war.

Defense tech startup Mach Industries has raised a fresh $600 million in capital in a Series C extension round that has doubled its valuation to $3.7 billion, the company announced on Thursday. It announced the original Series C in June, which was $300 million at a $1.8 billion valuation. Investors in both tranches include Ribbit…