Los Angeles-based advanced manufacturing startup Hadrian has closed a $1.37 billion Series D at a $7.87 billion valuation, one of the largest defense-manufacturing rounds of the year and a signal that investors see automated factories as the key to reshoring US industrial capacity.
Series D details
The round was co-led by WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures and Baillie Gifford, with JPMorgan Chase's Strategic Investment Group joining as anchor co-lead via its Security and Resiliency Initiative. Announced on August 6, 2026, the raise more than quintuples Hadrian's valuation since its $260 million Series C in mid-2025 and takes total capital raised past the $2 billion mark.
What the money buys
Hadrian will use the fresh capital to open additional highly automated plants, expand R&D and add production lines for munitions, shipbuilding components and autonomous systems. The company already runs close to 3 million square feet of manufacturing space across four sites and combines robotic machining, computer vision and proprietary software to speed up precision-parts production for defense and aerospace primes.
Why it matters
The mega-round lands as the Pentagon and its allies scramble to rebuild depleted industrial capacity, from artillery shells to shipyards. Hadrian is positioning itself as the software-and-robotics answer to that supply-chain squeeze, competing with a wave of well-funded defense-tech peers building the next generation of American factories.
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Reporting based on coverage from PR Newswire, Bloomberg, Axios and Washington Technology.