# Hadrian funding: rounds and investors

> Hadrian has raised $2.2B across 6 rounds since 2024. Investors include Founders Fund, Lux Capital and Andreessen Horowitz. Every round with its source.

Source: https://millionrounds.com/company/hadrian (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Hadrian*

6 rounds we have observed, with the 26 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Cybersecurity Defence Tech Enterprise Software

Raised 1 month ago Valuation: $1.6B, Mar 2026

Follow Hadrian and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fhadrian)

Funding summary Updated 5 Nov 2026

**$2.2B** raised across 6 rounds since 2024, from 16 sources

**$1.4B** Growth

- **Latest round:** Series B, $40M Oct 2026
- **Led by:** ForgePoint Capital and Smartfin
- **Biggest round:** $1.4B Growth · Aug 2026
- **Investors:** 26 (13 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2024 2025 2026

**?** Venture

**$260M** Series C

**$131M** Growth

**$360M** Debt

**$1.4B** Growth

**$40M** Series B

- **First round:** Venture
- **Biggest round:** $1.4B
- **Usual gap between rounds:** 8 months

## The rounds

- **Oct 2026** Series B **$40M** *4 new* *2 returning* [ForgePoint Capital](https://millionrounds.com/fund/forgepoint-capital) Lead [Smartfin](https://millionrounds.com/fund/smartfin) Lead [HV Capital](https://millionrounds.com/fund/hv-capital) [Picus Capital](https://millionrounds.com/fund/picus-capital) [Motive Ventures](https://millionrounds.com/fund/motive-partners) [Oetker Ventures](https://millionrounds.com/fund/oetker-ventures) Reported by Smartfin and 1 other
- **Aug 2026** Growth **$1.4B** *8 new* *9 returning* [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) Lead [JP Morgan Chase](https://millionrounds.com/fund/j-p-morgan-chase) Lead [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) Lead [Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) Lead [137 Ventures](https://millionrounds.com/fund/137-ventures) Lead [WCM Investment Management](https://millionrounds.com/fund/wcm-investment-management) Lead [JPMorgan Chase's Strategic Investment Group](https://millionrounds.com/fund/jpmorgan-chase-s-strategic-investment-group) Lead [WCM Investment Mgmt](https://millionrounds.com/fund/wcm-investment-mgmt) Lead [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Lux Capital](https://millionrounds.com/fund/lux-capital) [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) [Altimeter](https://millionrounds.com/fund/altimeter-capital) [CapitalG](https://millionrounds.com/fund/capitalg) [1789 Capital](https://millionrounds.com/fund/1789-capital) [Apollo](https://millionrounds.com/fund/apollo) Reported by Crunchbase News and 7 others
- **Aug 2026** Debt **$360M** *2 new* *3 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Lux Capital](https://millionrounds.com/fund/lux-capital) [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) [Apollo](https://millionrounds.com/fund/apollo-global-management) Source recorded
- **Dec 2025** Growth **$131M** *1 new* *4 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Lux Capital](https://millionrounds.com/fund/lux-capital) [Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) [Construct Capital](https://millionrounds.com/fund/construct-capital) Source recorded
- **Jul 2025** Series C **$260M** *8 new* [Founders Fund](https://millionrounds.com/fund/founders-fund) Lead [Lux Capital](https://millionrounds.com/fund/lux-capital) Lead [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) Lead [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Altimeter](https://millionrounds.com/fund/altimeter-capital) [Construct Capital](https://millionrounds.com/fund/construct-capital) [137 Ventures](https://millionrounds.com/fund/137-ventures) [1789 Capital](https://millionrounds.com/fund/1789-capital) Reported by Crunchbase News and 2 others SEC filing: $110M sold, first sale Jun 2025
- **Mar 2024** Venture **Amount undisclosed** *3 new* [Village Global](https://millionrounds.com/fund/village-global-2) [HV Capital](https://millionrounds.com/fund/hv-capital) [Picus Capital](https://millionrounds.com/fund/picus-capital) Source recorded

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Venture** 2024 **Series C** 2025 **Growth** 2025 **Debt** 2026 **Growth** 2026 **Series B** 2026 [Founders Fund](https://millionrounds.com/fund/founders-fund) L [Lux Capital](https://millionrounds.com/fund/lux-capital) L [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) L [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) L [Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) L [137 Ventures](https://millionrounds.com/fund/137-ventures) L [HV Capital](https://millionrounds.com/fund/hv-capital) [Picus Capital](https://millionrounds.com/fund/picus-capital) [Altimeter](https://millionrounds.com/fund/altimeter-capital)

## Everyone who backed them

[Founders Fund](https://millionrounds.com/fund/founders-fund) VC firm **4** rounds, led 1

[Lux Capital](https://millionrounds.com/fund/lux-capital) VC firm **4** rounds, led 1

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **4** rounds

[Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) Private equity **2** rounds, led 1

[Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) VC firm **2** rounds, led 1

[Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) Private equity **2** rounds, led 1

[137 Ventures](https://millionrounds.com/fund/137-ventures) VC firm **2** rounds, led 1

[HV Capital](https://millionrounds.com/fund/hv-capital) VC firm **2** rounds

[Picus Capital](https://millionrounds.com/fund/picus-capital) VC firm **2** rounds

[Altimeter](https://millionrounds.com/fund/altimeter-capital) VC firm **2** rounds

[Construct Capital](https://millionrounds.com/fund/construct-capital) VC firm **2** rounds

[1789 Capital](https://millionrounds.com/fund/1789-capital) Private equity **2** rounds

[JP Morgan Chase](https://millionrounds.com/fund/j-p-morgan-chase) Corporate VC **1** round, led 1

[Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) Asset manager **1** round, led 1

[ForgePoint Capital](https://millionrounds.com/fund/forgepoint-capital) VC firm **1** round, led 1

[Smartfin](https://millionrounds.com/fund/smartfin) VC firm **1** round, led 1

[WCM Investment Management](https://millionrounds.com/fund/wcm-investment-management) Growth equity **1** round, led 1

[JPMorgan Chase's Strategic Investment Group](https://millionrounds.com/fund/jpmorgan-chase-s-strategic-investment-group) Growth equity **1** round, led 1

[WCM Investment Mgmt](https://millionrounds.com/fund/wcm-investment-mgmt) Growth equity **1** round, led 1

[Village Global](https://millionrounds.com/fund/village-global-2) VC firm **1** round

[T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) Private equity **1** round

[Apollo](https://millionrounds.com/fund/apollo-global-management) Private equity **1** round

[CapitalG](https://millionrounds.com/fund/capitalg) Corporate VC **1** round

[Motive Ventures](https://millionrounds.com/fund/motive-partners) Private equity **1** round

[Apollo](https://millionrounds.com/fund/apollo) Company **1** round

[Oetker Ventures](https://millionrounds.com/fund/oetker-ventures) Growth equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=hadrian).

## Also claim to have backed them

These 20 firms list Hadrian as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Floodgate](https://millionrounds.com/fund/floodgate) VC firm Per its own site

[Western Technology Investment](https://millionrounds.com/fund/wti) VC firm Per its own site

[Shrug Capital](https://millionrounds.com/fund/shrug-capital) VC firm Per its own site

[Justin Mateen](https://millionrounds.com/fund/justin-mateen) VC firm Per its own site

[Industrious Ventures](https://millionrounds.com/fund/industrious-ventures) VC firm Per its own site

[Light Street Capital](https://millionrounds.com/fund/light-street-capital) VC firm Per its own site

[Lynett Capital](https://millionrounds.com/fund/lynett-capital) VC firm Per its own site

[Halcyon Futures](https://millionrounds.com/fund/halcyon-futures) Incubator Per its own site

[Indicator Fund](https://millionrounds.com/fund/indicator-fund) VC firm Per its own site

[Jackson Moses](https://millionrounds.com/fund/jackson-moses) Angel Per its own site

[Julia DeWahl](https://millionrounds.com/fund/julia-dewahl) VC firm Per its own site

[Pittco Management](https://millionrounds.com/fund/pittco-management) Family office Per its own site

[Ravelin](https://millionrounds.com/fund/ravelin) VC firm Per its own site

[Aspect Investors](https://millionrounds.com/fund/aspect-investors) Private equity Per its own site

[Commodity Capital](https://millionrounds.com/fund/commodity-capital) VC firm Per its own site

[Earthrise Ventures](https://millionrounds.com/fund/earthrise-ventures) VC firm Per its own site

[Octant Ventures](https://millionrounds.com/fund/octant-ventures) VC firm Per its own site

[The Cambria Group](https://millionrounds.com/fund/cambria-group-llc) Private equity Per its own site

[The Pay It Forward Company](https://millionrounds.com/fund/the-pay-it-forward-company) VC firm Per its own site

[Unmatched Ventures](https://millionrounds.com/fund/unmatched-ventures) VC firm Per its own site

## Quick answers about Hadrian

### Who invested in Hadrian?

Hadrian's investors include Founders Fund, Lux Capital, Andreessen Horowitz, Morgan Stanley Investment Management and Valor Equity Partners, and 21 more on record. ForgePoint Capital led its latest round.

### How much has Hadrian raised?

Hadrian has raised $2.2B across 6 rounds since 2024. One round did not disclose an amount, so the total is a floor.

### When did Hadrian last raise?

Hadrian's most recent round was a Series B of $40M in Oct 2026, led by ForgePoint Capital.

### What was Hadrian's biggest round?

Hadrian's largest round on record is $1.4B (Growth), in Aug 2026, led by Valor Equity Partners.

### Who backed Hadrian first?

Hadrian's first round on record, in Mar 2024, was backed by Village Global, HV Capital and Picus Capital.

### What stage is Hadrian at?

Hadrian's latest named round is a Series B, in Oct 2026.

### Where is Hadrian based?

Hadrian is based in the United States.

### Who led Hadrian's rounds?

Founders Fund led the Series C in 2025; Valor Equity Partners led the Growth in 2026; ForgePoint Capital led the Series B in 2026.

## Companies like Hadrian

In the same sector, and raised in the last eighteen months.

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