Technology
Defense tech Hadrian raises $1.37B at $8B valuation
Hadrian is building automated factories to mass produce parts for defense vehicles like submarines. It's backed by a long list of well-known investors.
AI Summary
Defense technology firm Hadrian disclosed that it closed a new financing round of $1.37 billion, valuing the company at roughly $7.9 billion. The round was led by WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures and Baillie Gifford. Additional participants spanned a broad set of investors, including 1789 Capital, Morgan Stanley Wealth Management, Apollo‑managed funds, T. Rowe Price, CapitalG, Andreessen Horowitz, Founders Fund, Lux Capital, Altimeter and others. The fundraising expands Hadrian’s capital base as it continues to develop defense‑related technologies.
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