Funding round
Hadrian Series C
Hadrian, which works in automated factory design and manufacturing in Torrance, raised $260M in a Series C round announced on 17 Jul 2025, led by Founders Fund and Lux Capital. 5 firms took part, 4 of them already investors. It is Hadrian's third venture round on record; the one before was a Series B in Feb 2024.
$260M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
Hadrian did not disclose a valuation in this round. It came 17 months after Hadrian's Series B. It is 14% of the $1.84B Hadrian has raised in the venture rounds on record. Hadrian raised again 13 months later: a Series D round of $1.37B in Aug 2026, at $7.87B post-money.
Hadrian's funding rounds
Hadrian has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Founders Fund and Lux Capital led the round with 3 other firms. Founders Fund, Lux Capital, Andreessen Horowitz and Altimeter had backed Hadrian before.
Lead investors
- Founders Fund backs 368 venture-backed companies existing investor
- Lux Capital backs 194 venture-backed companies existing investor
Also in the round
- Morgan Stanley backs 120 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- Altimeter backs 67 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
20 Series C rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $224M, and this round was 1.2 times the median. The closest in time, other companies' Series C rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Varda Space Industries Aerospace and Defence | 10 Jul 2025 | $187M | $500M | Natural Capital and Shrug Capital |
| Impulse Space Aerospace and Defence | 3 Jun 2025 | $300M | not disclosed | Linse Capital |
| CHAOS Industries Aerospace and Defence | 2 May 2025 | $275M | $2.00B | New Enterprise Associates and Accel |
| Aerospace and Defence | 24 Sep 2025 | $60M | not disclosed | 1789 Capital |
| True Anomaly Aerospace and Defence | 30 Apr 2025 | $260M | not disclosed | Accel |
| Apex Aerospace and Defence | 29 Apr 2025 | $200M | not disclosed | Point72 Ventures and 8VC |
| Forterra Aerospace and Defence | 12 Nov 2025 | $238M | $1.00B | Moore Strategic Ventures |
| Quantum Systems Aerospace and Defence | 27 Nov 2025 | $210M | $3.50B | Balderton Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Hadrian raise in its Series C round?
Hadrian raised $260M in its Series C round, announced in Jul 2025.
Who led Hadrian's Series C round?
Founders Fund and Lux Capital led it, with Morgan Stanley, Andreessen Horowitz and Altimeter.
What was Hadrian's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Aerospace and Defence?
20 Series C rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $224M, and this round was 1.2 times the median.
Did Hadrian raise again after this round?
Yes: a Series D round in Aug 2026 of $1.37B at $7.87B post-money.