Hadrian

Defense Tech · Advanced Manufacturing

Funding

Hadrian raises $1.37B Series D at $7.87B valuation

Its valuation has jumped nearly fivefold since January as mainstream banks join the defense-manufacturing rush.

• Hadrian closed a $1.37 billion Series D at a $7.87 billion valuation, anchored by JPMorgan Chase's Strategic Investment Group with Baillie Gifford, Washington Harbour Partners, Valor Equity Partners, WCM Investment Management and 137 Ventures co-leading.
• Hadrian builds automated 'factories-as-a-service' for defense and aerospace makers, using its Opus software to schedule production, route tools and inspect parts, cutting lead times from months to days.
• The raise nearly quintuples Hadrian's valuation from $1.6 billion in January and comes just over a year after a $260 million Series C led by Founders Fund and Lux Capital.
• Hadrian runs four factories spanning nearly 3 million square feet, including a $2.4 billion Navy-backed Alabama plant for submarine parts, and plans to grow its workforce from 700 to 2,000 within a year.
• Defense-tech startups pulled in about $35 billion in the first half of 2026, the strongest six months on record, with rivals Anduril (over $60B) and Shield AI ($12.7B) also reaching outsized valuations.
• Hadrian plans to open teams in Australia, Asia and Europe by December to supply NATO allies, while funding new factory construction separately through a planned line of credit rather than equity.
• Mainstream institutions like JPMorgan, Morgan Stanley Wealth Management and T. Rowe Price joining the round signals defense manufacturing has shifted from a niche bet into a mainstream institutional asset class.