Looks like the factory of the future craze ain’t going anywhere in 2026.
Over the weekend, new-age manufacturing company Hadrian said it had raised an undisclosed amount of capital at a $1.6B valuation led by T. Rowe Price, with participation from Altimeter Capital, D1 Capital Partners, StepStone Group, 1789 Capital, Founders Fund, Lux Capital, a16z, Construct Capital, and other existing investors.
While the company wouldn’t reveal the exact size of the round—we asked, don’t you worry—a spokesperson told Tectonic that the money will fund “factory expansion, workforce growth, and the scope of what we’re able to manufacture, from components through full assemblies and product lines.”
Worth noting: Hadrian just raised a $260M round in July led by Founders Fund and Lux Capital. PitchBook, for its part, pegs this most recent financing—including that summer round—at $391.31M, valuing the company at $1.6B and bringing total funding raised to $611.28M.
Build better: Hadrian was founded back in 2020 with a pretty ambitious goal: The team, led by founder and CEO Chris Power, wanted to build autonomous factories to “reindustrialize America.”
- Hadrian, at its core, is a software-defined precision manufacturing company.
- In particular, the company focuses on those high-tech, tricky components that can slow down production and delivery—from engine components to spaceflight hardware.
- The company uses high-tech robots and process automation to, essentially, make high-tech manufacturing a whole lot faster and cheaper.
- In addition to their own factories, the company operates what the spokesperson called a “factory-as-a-service” model which allows partners (like Lockheed Martin) to “rely on [them] for components, assemblies, and finished products as part of a scalable production system that can grow with program needs.”
The December press release announcing the Lockheed partnership included a description of exactly how that “factory-as-a-service” works. Hadrian will deploy a “scalable machining manufacturing and inspection cell to produce parts at a Lockheed Martin Missiles and Fire Control site.”
The cell includes pre-programmed CNC machines, robots, and Hadrian’s “manufacturing platform,” and will produce parts for mission-critical tech, including PAC-3 MSE, THAAD, PrSM, and GMLRS.
Hadrian says it “expects this model to apply across a growing set of programs and partners.”
Factory of the future: Back in July, when they announced that sweet, sweet $260M, the company also said it would be building out a production facility called “Factory 3 (F3)” in Mesa, AZ.
- The spokesperson told us they stood up that facility “from lease signing to production in roughly five and a half months.”
- This new injection of cash will allow them to “scale that same pace and advance our manufacturing roadmap,” they added.
- The company has not yet announced where its next factories will be, but the plan is to “expand across America.”