Hadrian raises $1.37bn Series D for automated factories
The financing supports factory expansion after Hadrian opened production sites in Arizona and Alabama.
Hadrian raised $1.37 billion in Series D financing on August 6. Participants included WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, Baillie Gifford, JPMorganChase Strategic Investment Group, 1789 Capital and other institutional investors. Funds managed by Apollo and accounts advised by T. Rowe Price Associates also participated.
The company builds automated factories producing defense and aerospace systems.
JPMorganChase’s Strategic Investment Group joined as an anchor co-lead through its Security and Resiliency Initiative. Hadrian says its four-site manufacturing footprint now covers just under three million square feet.
Use of funds
Build additional factories
Expand research and development and production capabilities