Hadrian valued at nearly $8 billion after fresh funding as money pours into defense tech
📰 source: cnbc_topnews · 💼 business
hadrian, a manufacturing startup for defense and aerospace, closed a funding round at a $7.9 billion valuation — more than four times its january valuation. the company raised nearly $1.4 billion, led by bailie gifford, j.p. morgan strategic investment group, and washington harbor partners.
ceo chris power told cnbc the money will scale workforce, the opus software platform that powers factories, and production in areas like submarines, munitions, and drones. opus is already used by the army and navy. power also said physical ai is sweeping the physical economy, which is 100 times larger than the digital economy.
hadrian joins a wave of defense tech funding. shield ai raised at $12.7 billion in march, saronic at $9.25 billion, anduril doubled to $60 billion. last year hadrian raised $260 million from peter thiel's founders fund. trump's push for $1.5 trillion defense spending is fueling the surge.
why it matters: hadrian's quadrupole valuation shows defense manufacturing startups are attracting massive inflows as the us boosts military spending.
source: cnbc_topnews
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