Defense tech Hadrian raises $1.37B at $8B valuation

In Brief

Defense tech Hadrian announced connected Thursday that it had raised a caller $1.37 billion round astatine a valuation of $7.87 cardinal from a mile-long database of well-known investors.

The pb investors successful the circular included WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, and Baillie Gifford. Participating investors see 1789 Capital, Morgan Stanley Wealth Management, funds managed by Apollo and T. Rowe Price, arsenic good arsenic firms similar CapitalG, Andreessen Horowitz, Founders Fund, Lux Capital, Altimeter, and others.

Founders Fund and Lux led the company’s $260 million Series C financing astir a twelvemonth ago, bringing the full raised to day to astir $2 billion, according to Pitchbook estimates.

Hadrian is an absorbing defence tech successful that it’s not trying to physique caller AI-powered weapons. The institution is gathering automated manufacturing facilities that volition wide nutrient parts for the vehicles that the subject analyzable already relies on.

For instance, successful March, Hadrian opened a installation successful Alabama to wide nutrient parts for submarines, making that its 4th facility. The woody for that facility, structured arsenic a public/private partnership, was valued astatine $2.4 billion, Hadrian said.

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