Mach Industries, founded by 21-year-old Ethan Thornton, lands US Army contract, builds weapons factory

Mach Industries, founded by 21-year-old Ethan Thornton, lands US Army contract, builds weapons factory

Sequoia-backed Mach Industries, the defense tech founded by 21-year-old Ethan Thornton, landed a contract with the U.S. Army and has plans for its first factory, Thornton told TechCrunch. The factory will be 115,000 square feet in Huntington Beach, California, where…

Ramp, a 6-year-old fintech startup, has more than doubled its annualized revenue to $700M

Ramp, a 6-year-old fintech startup, has more than doubled its annualized revenue to $700M

Fintech startup Ramp has crossed $700 million in annualized revenue as of January of this year, according to a source familiar with the company’s internal operations. The company had crossed $100 million in annualized revenue before its third birthday in…