Hadrian has raised €35.68 million in a round co-led by Forgepoint Capital International and SmartFin. The London-Amsterdam cybersecurity startup says it will expand across EMEA and the US, while increasing investment in engineering and research. The round brings the company’s total funding to nearly €58 million, according to the source material.
How did Hadrian reach this round?
Hadrian was founded in Amsterdam in 2021 by Rogier Fischer, Olivier Beg and Maurice Clin. The company offers an offensive security platform that helps enterprise security teams find, verify and address security gaps before attackers can exploit them. It focuses on identifying which exposures represent real risks, rather than leaving teams to sort through alerts without a clear priority.
The startup’s approach combines continuous exposure management with agentic penetration testing. Penetration testing means testing systems by attempting to exploit them in ways an attacker might. Hadrian says its AI agents carry out discovery and validation, while people set the objectives and make key decisions. This division is intended to provide ongoing coverage without handing important choices over to automation.
What has the company announced?
Forgepoint Capital International and SmartFin co-led the funding round. Existing investors HV Capital, Motive Partners, Picus Capital and Oetker Ventures also participated, according to the source material. The announced amount is €35.68 million, also reported as $40 million, and Hadrian’s total funding is nearly €58 million, also reported as $65 million.
Hadrian says the funds will support expansion across EMEA and the US. It also plans to deepen investment in engineering and research. The announcement does not give a hiring target, a timetable for expansion or a breakdown of how the money will be divided between those priorities. The company has described the round as backing for its platform and growth plans.
What does the platform do?
Hadrian describes a product that maps an organisation’s digital footprint, identifies possible exposures and helps security teams prioritise fixes. Its Atlas product continuously maps an organisation’s external attack surface and uses AI agents to assess which exposures could be exploited. Nova provides on-demand agentic penetration testing, according to the source material.
The two products share context, allowing a team to move from continuous monitoring to deeper testing without starting the process again. Hadrian says this can help security teams focus on exploitable problems and verify remediation. The company also claims its technology gives customers ten times greater visibility into critical exposures, cuts resolution time by 80 per cent and provides a fivefold return compared with manual penetration testing. Those performance figures are company claims, not independently established results in the supplied material.
What remains unclear after the raise?
The announcement does not specify when the expansion will happen or which markets will be addressed first. It also does not set out how many engineers or researchers Hadrian expects to add. The company has not provided a funding allocation for geographic expansion, product work or research. Further updates would show how the stated plans translate into operating changes.
For founders and investors following the company, the next relevant signals are whether Hadrian reports expansion progress and continued investment in its engineering and research teams. The supplied sources do not give new customer figures or updated performance measurements tied to this round. Hadrian’s claims about risk discovery and remediation remain attributed to the company. The funding announcement establishes the capital raised and intended uses, while execution details remain open.