Cambridge Aerospace

Defense Tech · Aerospace · Hardware

Funding

Cambridge Aerospace raises $300M Series C at $3.4B valuation

The UK interceptor maker tripled its valuation in four months as militaries race to field cheaper drone defenses.

• Cambridge Aerospace closed a $300M Series C led by DFJ Growth, valuing the two-year-old British air defense startup at $3.4B.
• The company builds Skyhammer, a low-cost drone and cruise-missile interceptor now in production, and is developing Starhammer, a rocket-powered interceptor for faster targets due in 2027.
• The raise comes just four months after a $200M Series B valued the company at $1.3B, an unusually fast valuation jump.
• Total funding raised since the company's 2024 founding now exceeds $630M.
• Cambridge Aerospace already holds a UK Ministry of Defence contract to supply Skyhammer interceptors to UK forces and Gulf partners, and is now expanding into Germany, Poland, Norway, Ukraine and Australia.
• The deal lands the same week TechCrunch reported defense manufacturer Hadrian raised $1.37B at an $8B valuation, underscoring how investor capital is flooding into defense hardware as conflicts in Ukraine and the Middle East expose gaps in cheap, scalable interceptor supply.
• The rapid re-rating shows investors betting that affordable, mass-manufacturable interceptors — not legacy systems like Patriot — will define the next era of air defense procurement.