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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
$1.8B
across 6 funding rounds
Key investors in Hadrian
Founders Fund
Andreessen Horowitz
Lux Capital
Construct Capital
Altimeter Capital
137 Ventures
About Hadrian
Hadrian is a Los Angeles-headquartered precision manufacturing firm automating factories for aerospace and defense sectors. It deploys software-controlled robotic systems producing high-tolerance metal components such as turbine blades, satellite brackets, and rocket engine parts from materials including titanium and Inconel. Founded in 2020, the company equips facilities for clients building SpaceX rockets, Boeing jets, and Joby Aviation eVTOLs, reducing lead times from weeks to days through AI-orchestrated machining centers.
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.
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 Morgan Stanley (wealth management unit), 1789 Capital, T. Rowe Price, Altimeter Capital, Andreessen Horowitz and 2 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 $1.8B 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); Morgan Stanley (wealth management unit); 1789 Capital; T. Rowe Price; Altimeter Capital; Andreessen Horowitz; CapitalG; Founders Fund | $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; Tru Arrow Partners | $131M | $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 | a16z crypto; Bracket Capital; Friends & Family Capital; RTX Ventures; Lux Capital; Cubit Capital; Andreessen Horowitz; Construct Capital; Founders Fund; Shrug Capital; Karman Ventures; Caffeinated Capital | $92M | - | Hadrian is an advanced manufacturing company building AI-powered factories focused on defense and aerospace production. The company uses proprietary automation and software (Opus) to enable rapid manufacturing of precision parts and complete systems, claiming the ability to train new employees to spaceflight-grade production standards within 30 days at ten times traditional productivity levels. On February 21, 2024, Hadrian announced a $117 million Series B financing round led by Founders Fund and Lux Capital, with participation from RTX Ventures (the venture arm of defense contractor RTX), Construct Capital, WCM Investment Management, Bracket Capital, Shrug Capital, Andreessen Horowitz, and other investors. The round proceeds were allocated to growing automation and software teams to improve processes and meet customer demand. By the time of this Series B announcement, Hadrian had achieved significant operational milestones including building and operationalizing Factory 1, growing its team from 6 to 40+ employees, and serving major U.S. rocket and satellite manufacturers with spaceflight-grade components produced at 10x faster speed and 40% greater efficiency than legacy supply chains. Following this Series B, the company achieved 10x year-over-year growth and subsequently announced a $260 million Series C in July 2025 to expand manufacturing capacity across California and Arizona with dedicated teams focused on shipbuilding and naval defense production. |
| Mar 2022 | Series A | Andreessen Horowitz (lead); Lux Capital (lead); 137 Ventures; Friends & Family Capital; Construct Capital; Founders Fund; Saga Ventures; Caffeinated Capital | $90M | - | - |
| 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, a precision manufacturing company for aerospace and defense, raised its first funding round on April 15, 2021, with participation from Construct Capital, Countdown Capital, Floodgate, Founders Fund, Harry Hurst, Jackson Moses, JAM Fund, Justin Mateen, Lux Capital, Rob Meyerson, and Village Global. Founders Fund and Lux Capital led the seed round. The company, founded in 2021 and headquartered in Dominguez Hills, CA, focuses on advanced automation for mission-critical components. |
Who has invested in Hadrian?
38 investors have backed Hadrian across its funding rounds, including Founders Fund, Andreessen Horowitz, Lux Capital, Construct Capital, 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 | ||
| 5 | Lead | Apr 2021 | ||
| 5 | Lead | Mar 2022 | ||
| 5 | Participant | Apr 2021 | ||
| 3 | Lead | Mar 2022 | ||
| 3 | Participant | Jul 2025 | ||
| 2 | Participant | Mar 2022 | ||
| 2 | Participant | Feb 2024 | ||
| 2 | Lead | Jan 2026 | ||
| 2 | Participant | Mar 2022 | ||
| 1 | Lead | Aug 2026 | ||
| 1 | Lead | Aug 2026 | ||
| 1 | Participant | Apr 2021 | ||
This data is available for Pro users. Sign up to see all 38 Hadrian investors. Start Free Trial | ||||
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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 Rainbow Robotics, Symbotic and Nanchang Sanrui, and private ones like VulcanForms, SendCutSend and Agile Space Industries.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | $200M | - | $1B | 5.0x | ||
| Private | $28M | - | $8B | 285.7x | ||
| Publicly listed | $25M | ($159K) | $6.1B | 139.1x | ||
| Publicly listed | $2.2B | ($35M) | $5.8B | 1.6x | ||
| Publicly listed | $160M | $76M | $5.5B | - |
Hadrian Public Comps
Hadrian is still privately-owned, but its public comps include OMRON, Horizon Robotics, Yokogawa Electric, Brother, Yaskawa, NIBE Industrier, Acuity, Seiko Epson, KION Group and Rainbow Robotics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.9B | $555M | 1.7x | 1.6x | 14.8x | 11.5x | |||
| $560M | ($1.6B) | 10.1x | 7.8x | (3.7x) | (13.1x) | |||
| $3.9B | $656M | 1.6x | 1.6x | 9.7x | 9.0x | |||
| $5.7B | $835M | 1.0x | 1.0x | 7.2x | 6.2x | |||
| $3.5B | $445M | 2.2x | 2.1x | 17.2x | 15.4x | |||
| $4.2B | $625M | 2.5x | 2.4x | 17.0x | 14.2x | |||
| $4.3B | $655M | 2.2x | 2.0x | 14.3x | 10.4x | |||
| $9.1B | $816M | 0.7x | 0.7x | 7.5x | 6.3x | |||
This data is available for Pro users. Sign up to see all Hadrian competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Hadrian
| When was Hadrian founded? | Hadrian was founded in 2020. |
| Where is Hadrian headquartered? | Hadrian is headquartered in New York City, NY, 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 $1.8B 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 Founders Fund, Lux Capital, Andreessen Horowitz, Construct Capital, 137 Ventures, Altimeter Capital, Friends & Family Capital, RTX Ventures, T. Rowe Price, Caffeinated Capital and 28 others. |
| Which companies are comparable to Hadrian? | Companies comparable to Hadrian include VulcanForms, SendCutSend, Agile Space Industries, Rainbow Robotics, Symbotic and Nanchang Sanrui. |
| How many companies has Hadrian acquired? | Hadrian has acquired 1 company, including Datum Source. |
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