Hadrian raises $1.4 billion to build automated factories in US
The financing will be co-led by WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, and Baillie Gifford. JPMorganChase’s Strategic Investment Group joined as anchor co-lead, investing through the firm’s Security and Resiliency Initiative.
Hadrian has announced USD 1.37 billion in new equity financing to accelerate the buildout of the domestic manufacturing capacity needed to deliver critical defense, aerospace and industrial systems in America.
The financing will support new factories, expanded R&D, and additional production capabilities as Hadrian builds the industrial infrastructure, according to a press release.
The financing will be co-led by WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, and Baillie Gifford. JPMorganChase’s Strategic Investment Group joined as anchor co-lead, investing through the firm’s Security and Resiliency Initiative.
The round also included major participation by 1789 Capital, as well as participation from Morgan Stanley Wealth Management, funds managed by Apollo, accounts advised by T. Rowe Price Associates, Inc., CapitalG, Andreessen Horowitz, Founders Fund, Lux Capital, Altimeter, Construct Capital, and existing investors, the press release said.
This capital will accelerate Hadrian’s ability to deliver not just precision parts, but full mission-critical systems.
“Production is now the frontline of deterrence,” said Chris Power, founder and CEO of Hadrian. “America's ability to lead will depend on whether we can build, train, and scale faster. This financing allows Hadrian to accelerate building the Factories of the Future, expand into new mission-critical production capabilities, and invest in the technicians and engineers who will rebuild America's industrial base."
