Key facts
- Defense tech company Hadrian raised $1.37 billion in a new funding round.
- The company's valuation is now $7.87 billion.
- The funding round was led by WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, and Baillie Gifford.
- Hadrian focuses on automated manufacturing for defense parts, including submarine components.
- The company has raised approximately $2 billion to date.
- A recent facility deal in Alabama was valued at $2.4 billion.
Defense technology company Hadrian has secured $1.37 billion in a new funding round, achieving a valuation of $7.87 billion. The company's focus is on building automated manufacturing facilities to mass-produce parts for existing military vehicles, rather than developing new AI-powered weapons.
The latest funding round saw participation from a wide array of well-known investors, including lead investors WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, and Baillie Gifford. Other notable participants include 1789 Capital, Morgan Stanley Wealth Management, funds managed by Apollo and T. Rowe Price, CapitalG, Andreessen Horowitz, Founders Fund, and Lux Capital.
This latest infusion of capital brings Hadrian's total raised to approximately $2 billion. This follows a $260 million Series C financing round about a year prior, which was led by Founders Fund and Lux Capital.
Hadrian's operational strategy involves establishing automated manufacturing sites. For example, in March, the company opened a facility in Alabama dedicated to mass-producing submarine parts, marking its fourth such facility. The deal for this Alabama facility was structured as a public/private partnership and was valued at $2.4 billion.