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"This round is effectively built for the demand that we're seeing for launching constellations of the Mega class satellites," Karan Kunjur told CNBC.
The team is developing its own automated, modular, all-electric factories that can shred fiber from grass to form the structural panels that are used in walls, roofs, and subfloors in construction.
Machine-parts start-up Hadrian raises $90 million as it seeks to shake up the aerospace supply chain
“We’ve launched Factory #1 and proven that we can produce space and defense parts 10 times faster and more efficient than anybody else,” Hadrian founder and CEO Chris Power told CNBC.
The funding round saw investments from the likes of Giant Ventures, Soma Capital and 11.2 Capital, Countdown Capital, Uber Elevate co-founder Nikhil Goel and Cruise Automation.