AI Factory Startup Hadrian Denies Reported $1 Billion Funding Round
Hadrian Automation , a defense manufacturing startup that speeds up production with artificial intelligence-powered factories, has denied a report that it is discussing a new funding round that would see it raise $1 billion at a valuation of $7.5 billion. Bloomberg reported these figures Tuesday (June 23), citing unnamed sources, and added that a Hadrian spokesperson said the information is “inaccurate” and declined to say more. The reported valuation would more than quadruple the $1.6 billion v