Hadrian raises $1.37B at $8B to expand automated factories like Alabama's submarine plant

Hadrian raised $1.37 billion at a $7.87 billion valuation Thursday to expand automated factories producing parts for defense vehicles. WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, and Baillie Gifford led the round. The company builds automated manufacturing facilities to mass-produce components for military equipment such as submarines. Hadrian has raised roughly $2 billion total. In March, it opened an Alabama submarine-parts plant, its fourth, under a $2.4 billion public-private partnership.