spacex

spacex

Hadrian Automation, a startup developing automated manufacturing plants for the aerospace and defense industries in the Los Angeles area, has raised $36.4 million in new funding, according to a Securities and Exchange Commission filing.

Hadrian, which is based in San Francisco but has operations in Hawthorne, secured the funding from a total of 28 different investors, according to the SEC filing. The identities of those investors were not disclosed. The startup previously raised a $9.5 million seed round last spring from the likes of Lux Capital, Founders Fund, and Construct Capital.

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This last year was a watershed for the commercial space economy. An incredible amount of capital was invested in the new aerospace economy, surpassing the likes of legacy space heavyweights Boeing and Airbus. The year saw incredible financial exits from California-based companies Momentus, Planet, Rocket Lab and Astra, among others (Long Beach-based Virgin Orbit is set to go public in 2022). And it captured the public’s attention with billionaires floating in microgravity.

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I started my journey as both an angel investor and founder over 20 years ago.

A handful of successful companies and hundreds of investments later, I realized a few common themes throughout my portfolio. One in particular stands out: democratization.

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