Overview
- Hadrian closed the $1.37 billion Series D on Thursday and the company says the round values it at $7.87 billion.
- The financing is intended to fund new factories, expanded R&D, and additional production lines for defense, aerospace, and industrial systems.
- The round was co-led by WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, and Baillie Gifford with JPMorgan Chase Strategic Investment Group as an anchor co-lead.
- CEO Chris Power said Hadrian’s Opus factory software is already being used by the U.S. Army and U.S. Navy and the company plans more partnerships with defense primes.
- Hadrian has grown to nearly 3 million square feet across four sites and plans further factory launches, hiring and technician training as private capital flows into U.S. defense manufacturing driven by higher federal defense spending.