Hadrian raises $1.37B Series D at a $7.87B valuation with JPMorganChase as anchor
- Raised
- $1.4B
- Valuation
- $7.9B
- Lead investors
- 137 Ventures
- Place in VP50
- #11
What happened
Hadrian announced on August 6, 2026 that it had raised $1.37 billion in new equity in a Series D that valued the company at $7.87 billion, according to its release on PR Newswire. JPMorganChase's Strategic Investment Group joined as anchor co-lead, investing through its Security and Resiliency Initiative. WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures and Baillie Gifford were named as co-leads. Other participants included 1789 Capital, Morgan Stanley Wealth Management, Andreessen Horowitz, Founders Fund and Lux Capital.
The company said the financing would support new factories, expanded R&D and additional production capabilities. TechCrunch reported the same amount and valuation and said Founders Fund and Lux led a $260 million Series C about a year earlier. A MarketScreener item based on S&P Capital IQ data, dated July 27, 2026, listed 22,057,410 Series D preferred shares at $66.9366 each, gross proceeds of $1.47644803 billion and funding on July 28, 2026. That gross figure was higher than the announced $1.37 billion, and the sources did not explain the difference.
Key points
- Hadrian raised $1.37B in a Series D at a $7.87B valuation, announced August 6, 2026.12
- JPMorganChase's Strategic Investment Group was the anchor co-lead, via its Security and Resiliency Initiative.1
- WCM, Washington Harbour, Valor, 137 Ventures and Baillie Gifford were named co-leads.12
- A MarketScreener item based on S&P Capital IQ data listed 22,057,410 Series D preferred shares at $66.9366.4
- The previous round was a $260M Series C led by Founders Fund and Lux about a year earlier.2
Why it matters
The Series D values Hadrian at $7.87 billion. TechCrunch gave the size of the Series C ($260 million) but not its valuation, so the sources do not support a comparison with the earlier mark.
The S&P Capital IQ item gives a Series D preferred price of $66.9366 per share. Its gross proceeds exceed the announced $1.37 billion, so it is a reference for the class price, not a full account of the round.
The participants list pairs venture firms such as Founders Fund and Andreessen Horowitz with asset managers such as Baillie Gifford and accounts advised by T. Rowe Price, plus JPMorganChase as anchor.
Fact-check
- Hadrian raised $1.37 billion in new equity at a $7.87 billion valuation, announced August 6, 2026.Confirmed by [1] PR Newswire (Hadrian), dated Aug 06, 2026: $1.37 billion in new equity financing that values Hadrian at $7.87 billion. Confirmed by [2] TechCrunch, dated August 6, 2026. [3] Bloomberg returned HTTP 403 for this check.Verified
- JPMorganChase's Strategic Investment Group joined as anchor co-lead through its Security and Resiliency Initiative.Confirmed by [1] PR Newswire (Hadrian), which names the anchor co-lead role and the Security and Resiliency Initiative.Verified
- WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures and Baillie Gifford were co-leads.Confirmed by [1] PR Newswire (Hadrian), which names these five as co-leads; [2] TechCrunch names them as the lead investors.Verified
- Other participants included 1789 Capital, Morgan Stanley Wealth Management, Andreessen Horowitz, Founders Fund, Lux Capital and accounts advised by T. Rowe Price.Confirmed by [1] PR Newswire (Hadrian), whose participant list includes all of these.Verified
- The financing would support new factories, expanded R&D and additional production capabilities.Confirmed by [1] PR Newswire (Hadrian), which states this use of funds.Verified
- Founders Fund and Lux led a $260 million Series C about a year earlier.Confirmed by [2] TechCrunch: a $260 million Series C financing about a year ago, led by Founders Fund and Lux. No valuation is stated for that round.Verified
- An item dated July 27, 2026 listed 22,057,410 Series D preferred shares at $66.9366, gross proceeds of $1.47644803 billion and funding on July 28, 2026.Confirmed by [4] MarketScreener (S&P Capital IQ), dated July 27, 2026: 22,057,410 series D preferred shares at an issue price of $66.9366, gross proceeds $1,476,448,030.206, funding on July 28, 2026.Verified
- The item's gross proceeds were higher than the announced $1.37 billion, and the sources did not explain the difference.Both figures were read directly in [4] MarketScreener and [1] PR Newswire; neither page, nor [2] TechCrunch, explains the gap.Verified
Sources
- [1]PR Newswire (Hadrian) (opens in a new tab)Hadrian Raises $1.37B Series D to Build Highly Automated Factories to Accelerate America's Industrial Renewalvalues Hadrian at $7.87 billion
- [2]TechCrunch (opens in a new tab)Defense tech Hadrian raises $1.37B at $8B valuation$260 million Series C financing about a year ago
- [3]Bloomberg (opens in a new tab)Hadrian Secures $7.87 Billion Valuation in JPMorgan-Led Funding Round - Bloomberg
- [4]MarketScreener (S&P Capital IQ) (opens in a new tab)Hadrian Automation, Inc. announced that it expects to receive $1.47644803 billion in fundingat issue price of $66.9366 per share
