Hadrian ,a Torrance-based advanced manufacturing company building highly automated factories, has raised $1.37 billion in Series D financing. The capital raise values Hadrian at $7.87 billion.
The company said it will use the financing to construct new factories, expand its research and development and advance its artificial intelligence-powered production capabilities. WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures and Baillie Gifford are co-leading the financing round, which has been joined by JPMorganChase’s Strategic Investment Group as anchor co-lead.
“This financing allows Hadrian to accelerate building the Factories of the Future, expand into new mission-critical production capabilities, and invest in the technicians and engineers who will rebuild America’s industrial base,” said Chris Power, founder and CEO of Hadrian
Since its Series C financing 12 months ago, Hadrian has opened new factories in Mesa, AZ and Muscle Shoals, AL, bringing its footprint to just under three million square feet across four sites
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