Hadrian vs PTC
Side-by-side comparison of AI visibility scores, market position, and capabilities
Raised new round at $1.6B valuation (Jan 2026) from T. Rowe Price, a16z, Founders Fund, Lux Capital, D1, and Altimeter. Factory 3 (270K sq ft, Mesa AZ) launching 2026. CNC + additive for aerospace/defense.
About
Hadrian is a factory-as-a-service company using AI and robotics to provide on-demand CNC machining and additive manufacturing capacity for aerospace and defense customers. The company raised a new round in January 2026 that pushed its valuation to $1.6 billion — a near-6x increase from its $260 million Series C valuation in just six months — from T. Rowe Price, Andreessen Horowitz, Founders Fund, Lux Capital, D1 Capital, and Altimeter Capital.
Boston industrial CAD/PLM software (NASDAQ: PTC); FY2025 8.5% ARR growth, Kepware/ThingWorx IoT divested to TPG (Nov 2025) under new CEO Neil Barua competing with Siemens Teamcenter for discrete manufacturer PLM.
About
PTC Inc. is a Boston, Massachusetts-based industrial software company — publicly traded on NASDAQ (NASDAQ: PTC) as an S&P 500 component — providing computer-aided design (CAD), product lifecycle management (PLM), application lifecycle management (ALM), service lifecycle management (SLM), and industrial IoT software to manufacturers across aerospace, defense, automotive, medical devices, and industrial machinery. In FY2025 (fiscal year ended September 30, 2025), PTC reported 8.5% ARR growth and 16% free cash flow growth, with Q4 FY2025 revenue up 39% in constant currency and 18% year-over-year. CEO Neil Barua took over from long-tenured CEO James Heppelmann in February 2024 and introduced the "Barua Blueprint" refocusing PTC on its core CAD/PLM/ALM/SLM strengths. In November 2025, PTC announced the divestiture of its industrial IoT assets — Kepware and ThingWorx — to TPG, sharpening its portfolio around design and lifecycle management software. PTC's product portfolio includes Creo (3D parametric CAD for mechanical engineers), Windchill (PLM for product data and process management), Onshape (cloud-native CAD platform), and Arena (cloud-native PLM/QMS).
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