Funding round
Hadrian Series B
Hadrian, which works in automated factory design and manufacturing in Torrance, raised $117M in a Series B round announced on 21 Feb 2024. 13 firms took part. It is Hadrian's second venture round on record; the one before was a Series A in Apr 2022.
$117M
Amount raised
Not disclosed
Post-money valuation
13
Investors
no lead named
Valuation
What this round says about the price
Hadrian did not disclose a valuation in this round. It came 22 months after Hadrian's Series A. It is 6.4% of the $1.84B Hadrian has raised in the venture rounds on record. Hadrian raised again 17 months later: a Series C round of $260M in Jul 2025. Its next priced round, a Series D in Aug 2026, valued it at $7.87B.
Hadrian's funding rounds
Hadrian has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
13 firms took part; no lead investor was named.
Investors
- RTX Ventures new investor
- backs 31 venture-backed companies new investor
- WCM Investment Management new investor
- backs 7 venture-backed companies new investor
- Shrug Capital new investor
- Lux Capital backs 194 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- S&A new investor
- Silent Ventures new investor
- backs 20 venture-backed companies new investor
- Caffeinated backs 79 venture-backed companies new investor
- Tru Arrow Partners new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
33 Series B rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $58M, and this round was 2.0 times the median. The closest in time, other companies' Series B rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 1 Feb 2024 | $107M | not disclosed | not named |
| Aerospace and Defence | 22 Jan 2024 | $29M | not disclosed | not named |
| Aerospace and Defence | 7 Mar 2024 | $18M | not disclosed | Cota Capital |
| True Anomaly Aerospace and Defence | 12 Dec 2023 | $100M | not disclosed | Riot Ventures |
| Varda Space Industries Aerospace and Defence | 5 Apr 2024 | $90M | not disclosed | Caffeinated |
| Aerospace and Defence | 12 Apr 2024 | $11M | not disclosed | Carbyne Equity Partners |
| Aerospace and Defence | 8 May 2024 | $40M | not disclosed | Chartered Group |
| Stoke Space Aerospace and Defence | 5 Oct 2023 | $100M | not disclosed | Industrious Ventures |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Hadrian raise in its Series B round?
Hadrian raised $117M in its Series B round, announced in Feb 2024.
Which investors took part in Hadrian's Series B round?
RTX Ventures, Construct Capital, WCM Investment Management, Bracket Capital, Shrug Capital and Lux Capital and 7 more.
What was Hadrian's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Aerospace and Defence?
33 Series B rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $58M, and this round was 2.0 times the median.
Did Hadrian raise again after this round?
Yes: a Series C round in Jul 2025 of $260M.