Snap alums unveil Ghost Angels fund; Defense tech darling Mach Industries hits $1.8B valuation

Snap alums unveil Ghost Angels fund; Defense tech darling Mach Industries hits $1.8B valuation

June 2, 2026 · 9 min

About this episode

Snap alumni launch a new fund while Mach Industries achieves a significant valuation and continues its development of autonomous vehicles.

A group of 20 Snap alumni has come together to launch a fund called Ghost Angels to back the next generation of social media. Also, in a wild ride for 22-year-old founder and CEO Ethan Thornton, Mach Industries has raised another $300 million. It already has five autonomous vehicles in development and completed a major acquisition. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Topics covered

Keywords

Mentioned in this episode

Organizations: Snap, Ghost Angels, Mach Industries

More episodes of TechCrunch Startup News

Explore listener stats, chart rankings, contacts and more on the TechCrunch Startup News podcast page.