Defense tech Hadrian raises $1.37B at $8B valuation


Defense tech Hadrian announced on Thursday that it had raised a fresh $1.37 billion round at a valuation of $7.87 billion from a mile-long list of well-known investors.

The lead investors in the round included WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, and Baillie Gifford. Participating investors include 1789 Capital, Morgan Stanley Wealth Management, funds managed by Apollo and T. Rowe Price, as well as firms like CapitalG, Andreessen Horowitz, Founders Fund, Lux Capital, Altimeter, and others.

Founders Fund and Lux led the company’s $260 million Series C financing about a year ago, bringing the total raised to date to around $2 billion, according to Pitchbook estimates.

Hadrian is an interesting defense tech in that it’s not trying to build new AI-powered weapons. The company is building automated manufacturing facilities that will mass produce parts for the vehicles that the military complex already relies on.

For instance, in March, Hadrian opened a facility in Alabama to mass produce parts for submarines, making that its fourth facility. The deal for that facility, structured as a public/private partnership, was valued at $2.4 billion, Hadrian said.



Source link

  • Related Posts

    Why Normal People Aren’t Using AI Agents

    Silicon Valley is already convinced that AI agents are the future. In the heart of the tech industry, people are designing payment systems for agents, using them to automate their…

    Google says hackers are calling financial firm employees to hack and extort victims

    Even in the age of AI-powered autonomous cyberattacks, the crude, tried and tested hacking techniques of tricking victims into doing things they shouldn’t are still producing great results.  Groups of…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    The Passenger-To-Freighter Boom Quietly Reshaping Air Cargo In 2026

    The Passenger-To-Freighter Boom Quietly Reshaping Air Cargo In 2026

    Ohio Rep. Max Miller faces a growing number of calls to resign from fellow Republicans

    Ohio Rep. Max Miller faces a growing number of calls to resign from fellow Republicans

    Why Normal People Aren’t Using AI Agents

    Why Normal People Aren’t Using AI Agents

    Our Editors Review Vegamour For Hair Re-Growth (2026)

    Our Editors Review Vegamour For Hair Re-Growth (2026)

    Is Gianni Infantino still backed by the African football federations?

    Is Gianni Infantino still backed by the African football federations?

    Garmin Bounce 2: The smartwatch parents are buying to stay connected – National

    Garmin Bounce 2: The smartwatch parents are buying to stay connected – National