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This Next Billion-Dollar Startup Wants To Save American Manufacturing
Posted
August 15, 2024
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August 15, 2024
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12:58Now PlayingHadrian founder and CEO Chris Power has raised $180 million to manufacture metal parts at warp speeds at his California factory. Now he wants to build dozens more across the country to make more parts better, faster and cheaper.
Power’s vision is somewhat different from other startups building tech to make other companies’ warehouses more efficient: He’s developed proprietary software to run Hadrian’s own factory, which allows it to churn out all types of precision metal parts for aerospace, space and defense companies faster, more efficiently and with fewer people.
Now he wants to build out a network of cookie-cutter, high-tech machine shops across the country to shake up a giant and fragmented industry. That’s a difficult and capital-intensive project, but one that Power argues is crucial for America’s industrial base. Investors, including Andreessen Horowitz, Founders Fund and Lux Capital, have bet $180 million on it, and the company is now worth roughly $500 million.
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