Hadrian, a US company that runs highly automated factories making parts and systems for defence, aerospace and industrial customers, announced on 6 August 2026 that it had raised $1.37bn in new equity in a Series D round. The company said the round valued it at $7.87bn.
WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures and Baillie Gifford co-led the financing, and JPMorganChase's Strategic Investment Group joined as anchor co-lead. Bloomberg Law reported that the JPMorgan group anchored the round.
1789 Capital made what Hadrian called a major investment. Morgan Stanley Wealth Management, funds managed by Apollo, accounts advised by T. Rowe Price, CapitalG, Andreessen Horowitz, Founders Fund, Lux Capital, Altimeter, Construct Capital and existing investors also took part.
“Production is now the frontline of deterrence. America's ability to lead will depend on whether we can build, train, and scale faster.”Chris Power, Founder and CEO, Hadrian
What Hadrian does
Hadrian builds factories that combine process engineering, software, robotics and AI to produce precision components for space and defence manufacturers in the US. It sells this capacity under what it calls a Factories-as-a-Service model and says it wants to move from making individual parts to delivering complete systems.
The company operates four sites covering just under 3 million square feet: two in Torrance, California, and newer factories in Mesa, Arizona, and Muscle Shoals, Alabama, both opened since its Series C. CryptoBriefing reported that the Mesa site alone covers between 270,000 and 290,000 square feet and has created more than 350 jobs, and that chief executive Chris Power has outlined plans for 10 to 20 large factories.
Hadrian says it hires and trains operators, engineers and technologists to work in its factories, and that it gives technicians equity in the company.
What the money is for
Hadrian said the money would pay for new factories, more research and development, and additional production capabilities. Over the next year it plans to open more factories and add production lines including munitions and autonomous systems, and it named shipbuilding among the high-priority programmes its model can serve.
Power, Hadrian's founder, said the financing would let the company speed up construction of its factories, enter new production areas and invest in the technicians and engineers it needs. JPMorganChase invested through a programme dedicated to industries critical to national and economic security, the company said.
CryptoBriefing reported that the company is also putting money into Opus, its software platform for running factories with little manual intervention, and has begun working on additive manufacturing alongside its CNC machining.
The funding so far
The Series D came about a year after Hadrian's Series C. CryptoBriefing reported that the earlier round raised $260m in July 2025, that the company's total funding now exceeds $1.9bn and that its valuation had been about $1.6bn not long before. It said a June 2026 report had put a possible valuation at $7.5bn, below the final figure.
CryptoBriefing said Hadrian was founded in 2020. Bloomberg Law described the company as a defence manufacturing startup that serves the Pentagon and said the new funding would help it expand its workforce.
Company website: hadrian.co