Total amount raised
$216.5 Millions
Latest funding date
Location
Hadrian has successfully raised significant funding through multiple rounds, including a Series B, to support its mission of revolutionizing precision component manufacturing for the Space and Defense industries. The company is building highly automated factories that promise to deliver flight-grade parts faster and at a lower cost.
Keep reading to explore the intricacies of Hadrian's fundraising journey and the investors backing this innovative platform.
What Is Hadrian?
Hadrian, founded in November 2020 by Chris Power, is a machine parts startup based in Hawthorne, California. The company specializes in manufacturing precision components for technology companies, focusing on building autonomous, software-defined precision component factories.
These factories are designed to accelerate advanced manufacturing, particularly for the Space and Defense industries, by speeding up production and reducing costs for rockets, satellites, jets, and drones. Hadrian's mission is to deliver flight-grade parts faster and more reliably while maintaining transparency in the manufacturing process.
With a team of 101-250 employees, Hadrian is committed to revolutionizing the manufacturing landscape through innovation and automation.
How Much Funding Has Hadrian Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their autonomous precision component factories.
- Seed Round
- Amount Raised: $9.5M
- Date: April 2021
- Lead Investors: Founders Fund, Lux Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their team and accelerate the development of their first factory.
- Series A
- Amount Raised: $90M
- Date: March 2022
- Lead Investors: Andreessen Horowitz, Lux Capital
- Valuation at Round: Estimated between $200M and $1B
- Motivation Behind the Round: To build largely automated factories and address the fragmented aerospace supply chain.
- Debt Financing
- Amount Raised: $25M
- Date: February 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational expenses and further factory automation.
- Series B
- Amount Raised: $92M
- Date: February 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production capabilities and enhance technological infrastructure.
Total amount raised: $216.5M. Current valuation: Not publicly disclosed.
Key Investors
- Lux Capital
- Details: Lux Capital is a venture capital firm that invests in emerging science and technology ventures. Partner Brandon Reeves is involved with Hadrian and has joined its board.
- Investment Focus Areas: Emerging science, technology ventures, healthcare.
- Notable Investments: Planet Labs, Zoox, Kallyope.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a private venture capital firm that invests in technology companies across various stages. Partner Katherine Boyle is involved with Hadrian and has joined its board.
- Investment Focus Areas: Technology, software, consumer internet.
- Notable Investments: Facebook, Airbnb, Lyft.
- Founders Fund
- Details: Founders Fund is a venture capital firm that invests in companies building revolutionary technologies. They have been involved in multiple funding rounds for Hadrian.
- Investment Focus Areas: Aerospace, technology, healthcare.
- Notable Investments: SpaceX, Palantir, Stripe.
- Caffeinated Capital
- Details: Caffeinated Capital is an early-stage venture capital firm. They have participated in multiple funding rounds for Hadrian.
- Investment Focus Areas: Technology, software, consumer internet.
- Notable Investments: Not publicly disclosed.
- Construct Capital
- Details: Construct Capital is a venture capital firm that invests in early-stage companies transforming foundational industries. They have participated in funding rounds for Hadrian.
- Investment Focus Areas: Manufacturing, supply chain, logistics.
- Notable Investments: Not publicly disclosed.
What's Next for Hadrian?
Hadrian's future is brimming with opportunities as it aims to centralize the fragmented aerospace supply chain, which currently consists of around 3,000 small machine shops generating approximately $40 billion annually. By building largely automated factories, Hadrian can produce space and defense parts significantly faster and more efficiently, positioning itself as a key player in the industry.
With the potential to expand its component offerings into steels and other hard metals, Hadrian is poised for substantial growth. This expansion will likely attract further investment, enabling the company to scale its operations and launch additional factories. However, challenges such as labor shortages and ensuring the quality of components while scaling production remain. Addressing these issues will be crucial for Hadrian's continued success.
Use Clay to Get Funding Data
Sales professionals, don't miss out on the opportunity to leverage Clay's platform to access comprehensive fundraising data on companies like Hadrian and gather other critical business insights. Sign up for free today and empower your sales strategy with the most up-to-date information available.
