Defense manufacturing startup, Hadrian, has raised a $260 million Series C round led by Founders Fund, Lux Capital, and a factory expansion loan facility from Morgan Stanley. The substantial investment underscores the company’s ambitious push to transform advanced manufacturing for the U.S. Department of Defense (DOD) and commercial aerospace sectors.
Other investors in the round include new entrants Altimeter Capital and 1789 Capital, alongside existing backers such as Andreessen Horowitz (a16z), Construct Capital, 137 Ventures, and a host of additional supporters. Notably, Delian Asparouhov from Founders Fund, who led Hadrian’s original seed round and now leads the Series C, will join the Board of Directors as the company scales its operations.
Hadrian is announcing a $260m Series C lead by @foundersfund + @Lux_Capital + @MorganStanley for (Factory Expansion financing). We're also welcoming new investors @altimeter, @1789Capital + investments from existing investors @a16z, @constructcap, @137ventures and many others.
— #Chris Power (#@2112Power)
4:49 PM • Jul 17, 2025
Hadrian specializes in developing software-driven, automated factories that produce precision components for rockets, satellites, jet planes, and defense systems. The company leverages cutting-edge technology to address long-standing inefficiencies in traditional manufacturing, particularly for the space and defense industries, which have historically relied on outdated supply chains. Chris Power, Founder and CEO of Hadrian, reported that the company has achieved 10x year-over-year growth.
For decades, U.S. defense manufacturing has been hampered by slow production timelines and offshored operations, leaving the nation vulnerable to supply chain disruptions. Hadrian aims to counter this by onshore manufacturing with factories capable of producing spaceflight-grade parts up to 10 times faster and 40% more efficiently than conventional methods, while training operators in under 60 days.
The company plans to deploy the new capital to expand its factory network, starting with Factory 3—a 270,000 square foot facility in Mesa, Arizona. Set to be operational by Christmas 2025, this facility, will be four times the size of its current California plant.
Further strengthening its portfolio, Hadrian is establishing dedicated divisions for Maritime (focusing on submarine and shipbuilding autonomy) and Munitions to meet the DOD’s urgent scale and speed requirements. The company also plans to acquire 500,000 square feet of new space for research, development, and its headquarters, fueling rapid innovation.
This investment follows a $117 million raise in early 2024, bringing Hadrian’s total funding to over $475 million since its founding in 2020
