Hadrian Secures $260M to Expand Manufacturing with AI-Powered Factories
Investors continue to support the reindustrialization of American manufacturing.
U.S. manufacturing is characterized by numerous small machining businesses operated by an aging workforce. Automated manufacturing startup, Hadrian, seeks to modernize U.S. manufacturing through advanced automation, delivering mass-produced components for aerospace and defense sectors with significantly reduced lead times. The company just secured $260 million in funding to expand its factory operations and increase production capacity for machine parts.
Initially, Hadrian focused on high-precision CNC machining, producing parts measured in microns for utmost accuracy. The company is now expanding into additional manufacturing processes, such as welding, casting, and additive manufacturing. The newly acquired capital will also be allocated to the development of a new facility in Arizona, known as “Factory 3,” which is expected to become operational by December 2025 and deliver four times the machining throughput of Hadrian’s second factory. The company will also use some of the funds to enlarge its 500,000-square-foot headquarters and R&D center in Torrance, California. Hadrian also plans to introduce divisions dedicated to maritime and munitions-specific components, aiming to fulfill demand and accelerate production timelines in pursuit of restoring America’s status as a leading industrial power. Hadrian’s business model extends beyond component sales to offer "factories as a service," providing clients with dedicated production facilities to guarantee reliable factory capacity.
CEO Chris Power highlighted the critical importance of domestic manufacturing, describing re-shoring production as an existential challenge: “This country is heading into a generational fight,” he remarked. “The hour is extremely late. The great game is on … We have an incredibly short window to prepare for this, fix it, reindustrialize the country and return to what made us great in the first place.”
The latest funding round was spearheaded by Founders Fund and Lux Capital, with Morgan Stanley delivering financing support for factory expansion. New investors Altimeter and 1789 Capital participated, alongside existing backers a16z, Construct Capital, and 137 Ventures. Hadrian has raised nearly $500 million since its inception in 2020.