Hadrian closed a $1.37 billion Series D at a $7.87 billion valuation on August 6, 2026, to build highly automated factories for aerospace and defense parts. JPMorganChase's Security and Resiliency Initiative anchored a co-lead group alongside WCM, Washington Harbour Partners, Valor Equity Partners, 137 Ventures and Baillie Gifford.
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Transcript
A company that machines metal parts just raised one point three seven billion dollars at a seven point eight seven billion dollar valuation. That's Hadrian, and the investor list is the story. Andreessen Horowitz, Founders Fund, Lux, CapitalG, plus JPMorganChase anchoring through a fund it set up specifically for security and resiliency. The pitch is factories as a service. Defense primes can't get parts fast enough because the machine shops that make them are small, aging, and can't scale. Hadrian builds highly automated plants you can just call on. Three million square feet across four sites so far. Here's what I'd actually want to know: parts per month, first pass yield, and how many people are on that floor. None of it's public. Because if the headcount grows with the floor space, this is a very expensive contract manufacturer. And look at the week around it. Four rounds over a billion dollars, and not one of them was software.