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- Hadrian
Hadrian Valuation, Funding & Investors
Hadrian is valued at $7.9B as of August 2026.
Last Hadrian valuation
$7.9B
Series D · Aug 2026
Last Hadrian funding round
$1.4B
Series D · Aug 2026
Cumulative funding Hadrian raised
$1.7B
across 6 funding rounds
Key investors in Hadrian
Founders Fund
Lux Capital
Construct Capital
Andreessen Horowitz
Altimeter Capital
137 Ventures
About Hadrian
Hadrian, also known as Hadrian Automation, is a Torrance, California-based advanced manufacturing company that builds highly automated factories producing precision components and assemblies for aerospace, defense and other critical industries. Its factories combine CNC machining, robotics, skilled technicians and in-house production software to make high-tolerance metal parts for rocket, satellite, aircraft and missile programmes much faster than traditional machine shops. The company sells production capacity to defense primes, space companies and their suppliers under a factories-as-a-service model, and has added dedicated lines for naval shipbuilding through Hadrian Maritime, missile systems and unmanned aircraft. It opened its first factory in Hawthorne, California, followed by a larger site in Torrance and a 270,000-square-foot factory in Mesa, Arizona. In August 2026 Hadrian raised $1.37 billion in a Series D at a $7.87 billion valuation, anchored by JPMorganChase and co-led by WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures and Baillie Gifford, after earlier rounds led by Founders Fund, Lux Capital, Andreessen Horowitz and T. Rowe Price. The company was founded in 2020 by Australian entrepreneur Chris Power, who is chief executive.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$7.9B (Aug 2026)
Hadrian Valuation
Hadrian is currently valued at $7.9B, based on its Series D in August 2026. Read the announcement ↗
The $1.4B round was led by 137 Ventures, Baillie Gifford, JPMorgan Chase, Valor Equity Partners, Washington Harbour Partners and WCM Investment Management, with participation from Lux Capital, Apollo Global Management, T. Rowe Price, Altimeter Capital, Andreessen Horowitz and 5 other investors.
Hadrian's valuation has grown 4.9x from $1.6B at its undisclosed-stage round in January 2026 to $7.9B in August 2026, across 2 priced rounds.
Hadrian valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2026 | Series D | $7.9B |
| Jan 2026 | Undisclosed stage | $1.6B |
Hadrian Funding History
Hadrian has raised a total of $1.7B across 6 funding rounds.
Hadrian's first fundraising round was a $10M seed round in April 2021. The most recent completed round was a $1.4B Series D in August 2026.
Hadrian funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Series D | 137 Ventures (lead); Baillie Gifford (lead); JPMorgan Chase (lead); Valor Equity Partners (lead); Washington Harbour Partners (lead); WCM Investment Management (lead); Lux Capital; Apollo Global Management; T. Rowe Price; Altimeter Capital; Andreessen Horowitz; Construct Capital; CapitalG; Morgan Stanley; Founders Fund; 1789 Capital | $1.4B | $7.9B | Hadrian raised $1.37 billion in a Series D financing on August 6, 2026, valuing the company at $7.87 billion. The round was co-led by WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, and Baillie Gifford, with JPMorganChase’s Strategic Investment Group joining as anchor co-lead through its Security and Resiliency Initiative. Altimeter Capital was among the participating investors. The capital is being used to accelerate the buildout of highly automated factories to expand domestic manufacturing capacity for defense, aerospace, and industrial systems. Strategically, the financing reflects continued investor support for Hadrian’s automated manufacturing model and its role in U.S. industrial and defense supply chains. The company said the raise will speed factory expansion and help increase what it can manufacture, including components, full assemblies, and product lines. The round also brought in participation from major existing and new backers including 1789 Capital, Morgan Stanley Wealth Management, Apollo-managed funds, T. Rowe Price-associated accounts, CapitalG, Andreessen Horowitz, Founders Fund, Lux Capital, and Construct Capital. Hadrian is an advanced manufacturing company founded by Chris Power in 2020. It builds highly automated factories that combine software, robotics, automation, and skilled labor to produce precision components at scale for aerospace and defense customers. The company has now raised about $1.8 billion in total equity funding. |
| Jan 2026 | Undisclosed stage | T. Rowe Price (lead); StepStone Group; RTX Ventures; Lux Capital; Haystack; Altimeter Capital; Andreessen Horowitz; Construct Capital; Founders Fund; KAS Venture Partners; D1 Capital Partners; 1789 Capital; Tru Arrow Partners | - | $1.6B | Hadrian is building next-generation American manufacturing facilities designed to produce mission-critical components and assemblies for aerospace, defense, and critical infrastructure sectors. The company operates a Factories as a Service platform that combines AI-powered automation, advanced software, and a rapidly trained workforce to deliver domestic manufacturing capacity at scale. Founded with the mission to reverse decades of separated design and production, Hadrian aims to rebuild American industrial capacity while maintaining supply chain security. In January 2026, the company announced a growth capital round led by accounts advised by T. Rowe Price Associates, Inc., with participation from Altimeter Capital, D1 Capital Partners, StepStone Group, 1789 Capital, Founders Fund, Lux Capital, Andreessen Horowitz, Construct Capital, and existing investors, valuing the company at $1.6 billion. The specific amount raised was not disclosed. The capital was designated to accelerate factory expansion, scale workforce training programs, and advance deployment of AI-driven tooling and real-time manufacturing intelligence systems. Hadrian's approach addresses accelerating demand for domestic manufacturing capacity across critical infrastructure sectors and positions the company to move faster in establishing high-throughput American factories. |
| Jul 2025 | Series C | Founders Fund (lead); Lux Capital (lead); 137 Ventures; Altimeter Capital; Andreessen Horowitz; Construct Capital; 1789 Capital | $110M | - | Hadrian is an advanced manufacturing company building artificial intelligence-powered autonomous factories for aerospace, defense, and critical infrastructure sectors. Founded in 2020 by Chris Power, the company operates a Factories as a Service (FaaS) business model, designing manufacturing facilities to produce mission-critical components, assemblies, and complete product lines with high throughput and reliability. The company is based in San Francisco with operations in Southern California and recently completed Factory 3 in Mesa, Arizona. In July 2025, Hadrian secured $260 million in Series C funding led by Founders Fund and Lux Capital. Morgan Stanley arranged a factory expansion loan facility alongside the equity raise. The round included participation from existing investors and expanded the company's investor base. The capital was designated for factory expansion, workforce growth, and scaling manufacturing capabilities. Prior to the July 2025 round, Hadrian had raised $36.4 million in a previous institutional round and $9.5 million in a seed round. The company's team includes aerospace and defense veterans from companies such as SpaceX, Lockheed Martin, and Oculus. Following the July 2025 Series C, Hadrian completed an additional funding round in January 2026 led by T. Rowe Price that valued the company at $1.6 billion, with participation from Altimeter Capital, D1 Capital Partners, StepStone Group, 1789 Capital, Founders Fund, Lux Capital, Andreessen Horowitz, and Construct Capital. Post-money valuation for the July 2025 Series C was not publicly disclosed. |
| Feb 2024 | Series B | WCM Investment Management; Bracket Capital; Friends & Family Capital; RTX Ventures; Lux Capital; Silent Ventures; Cubit Capital; Andreessen Horowitz; Construct Capital; Founders Fund; Shrug Capital; Karman Ventures; Caffeinated Capital; Tru Arrow Partners | $92M | - | Hadrian announced on February 21, 2024 that it had closed a $117 million Series B, completed in December 2023, in a mix of equity and roughly $25 million of debt financing for equipment and expansion. New investor RTX Ventures, the venture arm of defense prime RTX (formerly Raytheon), joined backers including Construct Capital, WCM Investment Management, Bracket Capital, Shrug Capital, Lux Capital, Andreessen Horowitz, Founders Fund, Silent Ventures, Cubit Capital, Caffeinated Capital and Tru Arrow Partners. Contrary Research reports that existing investor Construct Capital led the round at an estimated valuation of about $500 million. Chief executive Chris Power said the funding would double Hadrian's automation and software team and help meet demand from aerospace primes and Tier 1 suppliers seeking multiyear production contracts. Hadrian runs highly automated factories in Southern California that produce precision machined components for rockets, satellites, aircraft and defense systems. The company was founded in 2020 by Chris Power and went on to raise a $260 million Series C in July 2025. |
| Mar 2022 | Series A | Andreessen Horowitz (lead); Lux Capital (lead); 137 Ventures; Friends & Family Capital; Construct Capital; Founders Fund; Lachy Groom; Saga Ventures; Caffeinated Capital | $90M | - | Hadrian announced on March 31, 2022 that it had raised $90 million, split between a Series A led by Lux Capital and a Series A-prime led by Andreessen Horowitz. Lachy Groom, Caffeinated Capital, Founders Fund, Construct Capital and 137 Ventures also participated, and Lux partner Brandon Reeves and Andreessen Horowitz partner Katherine Boyle joined the board. It was the company's second round of capital after a $9.5 million seed co-led by Founders Fund and Lux in 2021, and Hadrian was Boyle's first investment for the firm's American Dynamism practice. Chief executive Chris Power declined to give an exact valuation but said it was between $200 million and $1 billion. The proceeds funded Factory 2, a planned site of nearly 100,000 square feet in Torrance, California, near the company's first factory in Hawthorne, and growth from about 40 employees to roughly 120. Hadrian builds automated factories that machine precision parts for rocket, satellite and defense manufacturers. It was founded by Chris Power in 2020. |
| Apr 2021 | Seed | Founders Fund (lead); Lux Capital (lead); JAM Fund; Village Global; Justin Mateen; Rob Meyerson; Construct Capital; Floodgate; Countdown Capital; Harry Hurst; Jackson Moses | $10M | - | Hadrian raised a $9.5 million seed round in spring 2021, co-led by Founders Fund and Lux Capital. Founders Fund partner Delian Asparouhov led the investment for his firm, and early backers of the company also included Construct Capital, Floodgate, Village Global, Lachy Groom and a group of angel investors. The capital funded Hadrian's first factory in Hawthorne, California, where the company began automating CNC machining, inspection and production scheduling for precision aerospace and defense parts. Founder and chief executive Chris Power, an Australian entrepreneur, started Hadrian to rebuild US manufacturing capacity for mission-critical components that were largely supplied by small, ageing machine shops. The company's software-driven factories aim to cut lead times for complex metal parts from months to weeks. Hadrian went on to raise $90 million in 2022 in rounds led by Lux Capital and Andreessen Horowitz. It was founded in 2020 and is headquartered in Torrance, California. |
Who has invested in Hadrian?
39 investors have backed Hadrian across its funding rounds, including Founders Fund, Lux Capital, Construct Capital, Andreessen Horowitz, Altimeter Capital and 137 Ventures.
Lead investors include 137 Ventures, Baillie Gifford, JPMorgan Chase, Valor Equity Partners, Washington Harbour Partners and 5 other investors.
Hadrian Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Apr 2021 | ||
| 6 | Participant | Apr 2021 | ||
| 6 | Lead | Apr 2021 | ||
| 5 | Lead | Mar 2022 | ||
| 3 | Lead | Mar 2022 | ||
| 3 | Participant | Jul 2025 | ||
| 3 | Participant | Jul 2025 | ||
| 2 | Lead | Feb 2024 | ||
| 2 | Participant | Mar 2022 | ||
| 2 | Participant | Feb 2024 | ||
| 2 | Lead | Jan 2026 | ||
| 2 | Participant | Mar 2022 | ||
| 2 | Participant | Feb 2024 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Hadrian
Hadrian has acquired 1 company to date.
Last acquisition by Hadrian was on August 14th 2024. Hadrian acquired Datum Source for undisclosed valuation.
Latest Acquisitions by Hadrian
| Description | Datum Source is an online platform connecting manufacturing buyers and sellers for part sourcing and procurement. Chicago-headquartered, it facilitates direct interactions, RFQ management, and supplier discovery for industrial components. |
| HQ Country | |
| HQ City | Los Angeles, CA |
| Deal Date | 14 Aug 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Hadrian acquisitions and their M&A valuation multiples. Start Free Trial | |
Hadrian Competitors
Hadrian competitors include listed companies like Fuji Electric Co., Xometry and Rainbow Robotics, and private ones like VulcanForms, SendCutSend and Apptronik.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | $200M | - | $2.1B | 10.5x | ||
| Publicly listed | $7.8B | $1.3B | $11B | 1.4x | ||
| Publicly listed | $687M | ($46M) | $5.4B | 5.9x | ||
| Private | - | - | $5.3B | - | ||
| Publicly listed | $26M | ($164K) | $5.3B | 108.3x |
Hadrian Public Comps
Hadrian is still privately-owned, but its public comps include RoboTechnik, Brother, Yokogawa Electric, SUPCON Technology, Horizon Robotics, OMRON, Yaskawa, Seiko Epson, MISUMI Group and NIBE Industrier.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $143M | $2M | 51.1x | 28.8x | 3582.4x | 146.6x | |||
| $5.7B | $824M | 1.1x | 1.0x | 7.2x | 6.1x | |||
| $3.8B | $647M | 1.6x | 1.6x | 9.4x | 8.6x | |||
| $1.2B | $83M | 6.6x | 6.2x | 96.4x | 101.5x | |||
| $565M | ($1.6B) | 10.5x | 7.8x | (3.8x) | (15.0x) | |||
| $4.9B | $548M | 1.5x | 1.3x | 12.9x | 9.3x | |||
| $3.4B | $439M | 2.0x | 1.9x | 15.9x | 14.0x | |||
| $9B | $805M | 0.7x | 0.7x | 7.6x | 6.1x | |||
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Common questions about Hadrian
| When was Hadrian founded? | Hadrian was founded in 2020. |
| Where is Hadrian headquartered? | Hadrian is headquartered in Torrance, CA, United States. |
| Is Hadrian publicly listed? | No, Hadrian is a private, VC-backed company. |
| What is Hadrian's valuation? | Hadrian was last valued at $7.9B in its Series D in August 2026. |
| How much funding has Hadrian raised? | Hadrian has raised $1.7B across 6 funding rounds. |
| What was Hadrian's last funding round? | Hadrian's last funding round was a $1.4B Series D in August 2026, led by 137 Ventures, Baillie Gifford, JPMorgan Chase, Valor Equity Partners and 2 other investors. |
| Who are Hadrian's investors? | Hadrian's investors include Lux Capital, Construct Capital, Founders Fund, Andreessen Horowitz, 137 Ventures, Altimeter Capital, 1789 Capital, WCM Investment Management, Friends & Family Capital, RTX Ventures and 29 others. |
| Which companies are comparable to Hadrian? | Companies comparable to Hadrian include VulcanForms, SendCutSend, Fuji Electric Co., Xometry, Apptronik and Rainbow Robotics. |
| How many companies has Hadrian acquired? | Hadrian has acquired 1 company, including Datum Source. |
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