The re indicates that Interestingly, Hadrian closed a $260 million Series C funding round led by Peter Thiel's Founders Fund and Lux Capital.
The defense startup said the funding will support a new duction facility in Arizona and an expansion of its California location as it looks to scale up its naval defense capabilities.
Additionally, On the other hand, Defense startups Hadrian are disrupting the mainstay defense contracting industry, which is led by leaders such as Northrop Grumman and Lockheed Martin.
Watch now13:5113:51Startup Hadrian raises $260 million to expand its AI-powered factories to meet soaring demandNews sDefense manufacturing startup Hadrian on Thursday announced the closing of $260 million Series C funding round led by Peter Thiel's Founders Fund and Lux Capital.
The data indicates that machine parts company said it will use the funding to build a new 270,000 square foot factory in Mesa, Arizona, and expand its Torrance, California, location as it looks to beef up its shipbuilding and naval defense capabilities.
"What we really need in this country is this quantum leap above China's manufacturing model," said CEO Chris Power in an interview with CNBC's Morgan Brennan, in this volatile climate.
"It's supercharging the worker versus replacing them.
"Defense startups Hadrian are disrupting the mainstay defense contracting industry, which is led by leaders such as Northrop Grumman and Lockheed Martin, and battling it out to boost U.
Meanwhile, Defense duction while scooping up Department of Defense contracts (remarkable data), in today's financial world.
Furthermore, At the same time, An overall view of the manufacturing line in a Hadrian Automation Inc. Meanwhile, Courtesy: Hadrian Automation, Inc.
Hadrian said the Arizona space will be four times the size of its California facility and start operations by Christmas (quite telling). However, Moreover, The factory will create 350 local jobs.
The Hawthrone, California-based company said it is working on four to five new facilities to support duction over the next year to support Department of Defense needs.
Read more CNBC newsPeter Thiel just bought a big stake in Tom Lee's ether company and the s are surgingNvidia CEO Jensen Huang wants to sell more advanced chips to China after H20 ban is liftedCrypto bounces on renewed optimism House could pass key stablecoin legislation this weekWhoop says FDA is 'overstepping its authority' with warning blood pressure featureHadrian said it uses robotics and artificial intelligence to automate factories that can "supercharge American workers (noteworthy indeed).
Furthermore, "Power said demand is rapidly growing, but the lack of U, considering recent developments. -based talent is a major hurdle to building American dominance in shipbuilding and submarines.
Moreover, Using its tools, the company said it can train workers within 30 days, making them 10 times more ductive.
Furthermore, Its workforce includes ex-marines and former nurses who have never set foot in a factory. An overall view of the manufacturing line in a Hadrian Automation Inc, in light of current trends.
Courtesy: Hadrian Automation, Inc. "We have to do a lot more.
But certainly we're able to keep up with the scale right now, and grateful to our team and customers for letting us go and do that," he said.
"As a country, we have to treat this a national security crisis, not just the economics of manufacturing.
Nevertheless, "The fresh raise also includes investments from Andreessen Horowitz and new stakeholders such as Brad Gerstner's Altimeter Capital, in light of current trends.
Additionally, The company closed a $92 million funding round in late 2023.
Nevertheless, WATCH: Startup Hadrian raises $260 million to expand its AI-powered factories to meet soaring demandAn overall view of the manufacturing line in a Hadrian Automation Inc (an important development), in light of current trends.
On the other hand, In contrast, Courtesy: Hadrian Automation, Inc (noteworthy indeed). On the other hand, Meanwhile, The Kuka arm is seen at a Hadrian Automation Inc.
Courtesy: Hadrian Automation, Inc, in today's financial world.