- Hadrian, a defense manufacturing startup that serves the Pentagon and Lockheed Martin Corp., secured a $7.87 billion valuation in a funding round that will help the company expand its workforce.
- The round is a $1.37 billion Series D anchored by J.P. Morgan Strategic Investment Group, with participation from Valor Equity Partners, Baillie Gifford, Founders Fund, Andreessen Horowitz, and 1789 Capital.
- CEO Chris Power stated that the funding enables massive investments to scale the workforce, the Opus software platform, and to address production challenges in submarines, munitions, and drones.
- Opus software is currently used by the Army and Navy, and Power indicated that more defense primes will be announced soon.
- Hadrian is part of a trend of high-profile defense funding rounds, driven by a push to reindustrialize the U.S. military and scale a robust manufacturing base.
- Shield AI, whose technology powers drones, raised money in March at a $12.7 billion valuation, while autonomous ship maker Saronic was valued at $9.25 billion in a new funding round.
Hadrian, a defense manufacturing startup, has achieved a valuation of $7.87 billion after securing $1.37 billion in a Series D funding round led by J.P. Morgan. This investment will enable the company to expand its workforce and enhance its Opus software, which is crucial for advanced manufacturing in the defense sector.145
CEO Chris Power emphasized the importance of this funding, stating, "It enables us to make massive investments to scale our workforce, our software platform Opus that powers our factories, and frankly, get ahead of the massive amounts of production challenges the country has in areas like submarines, munitions, the drone industrial base". The Opus software is already in use by the Army and Navy, with plans to announce partnerships with other defense primes soon.
The funding round also saw participation from Valor Equity Partners, Baillie Gifford, and other notable investors including Founders Fund and Andreessen Horowitz. Hadrian is part of a growing trend in defense funding, driven by a push to reindustrialize the U.S. military and strengthen its manufacturing capabilities. Other companies in this space, like Shield AI and Saronic, have also recently raised significant capital, highlighting the increasing investment in defense technology.2367
“The round was anchored by J.P. Morgan Strategic Investment Group, with participation from Valor Equity Partners, Baillie Gifford, and 1789 Capital, where Donald Trump Jr. is a partner. CEO Chris Power said the funding will help address production challenges in submarines, munitions, and the drone industrial base.”
CNBC
