Hadrian Secures $260 Million Investment for Expansion of Automated Space & Defense Parts Factories

In an ongoing commitment to the resurgence of American industry, a consortium of investors is backing automated manufacturing startup Hadrian to the tune of $260 million. This capital influx aims to augment and expand Hadrian’s manufacturing capabilities, focusing on the production of high-precision machine parts for aerospace and defense sectors at unprecedented speed.

Hadrian’s mission is rooted in modernizing American manufacturing through advanced automation, challenging the conventional landscape characterized by numerous small machining shops operated predominantly by an aging workforce. The company initially focused on high-precision Computer Numerical Control (CNC) machining before expanding its offerings to incorporate welding, casting, additive processes, and more. This expansion was announced by Hadrian’s founder and CEO, Chris Power, in a recent post on X.

The substantial funds will be allocated towards the construction of “Factory 3” in Arizona, scheduled for completion by Christmas 2025. This facility is anticipated to deliver four times the machining capacity compared to Hadrian’s second factory. Additionally, the company plans to extend its 500,000-square-foot headquarters and R&D space in Torrance, California, with the newly secured funding.

In addition to traditional part production, Hadrian will offer specialized divisions for maritime and munitions parts to accommodate the demand for rapid manufacturing and distribution. As Power expressed on X, this strategic move is vital to reclaim America’s position as a leading industrial powerhouse: “We are embarking upon a generational struggle… The hour is late. The great game is in progress… We have a narrow window to prepare, address the issue, reindustrialize the country, and restore our historical greatness.”

The new round was spearheaded by Founders Fund and Lux Capital, with Morgan Stanley facilitating financing for factory expansion. Newcomers Altimeter and 1789 Capital, along with existing investors a16z, Construct Capital, and 137 Ventures, also contributed to the funding. Since its inception in 2020, Hadrian has raised close to $500 million.