business π° Defense Tech Hadrian Nets $1.37B in Funding
Defense tech company Hadrian successfully raised a new $1.37 billion in funding this past Thursday. The round was secured at a valuation of $7.87 billion, with major investors like WCM Investment Management leading the investment. This latest capital injection follows a prior $260 million Series C financing about a year ago. Hadrian focuses on automated manufacturing for existing military vehicle parts instead of developing new AI weapons. The company continues to expand its manufacturing footprint, recently opening a submarine parts facility in Alabama. π