Cambridge Aerospace is in talks to raise $300M at a $3.5B valuation, with DFJ Growth set to lead, nearly nine times its valuation from a year ago.
The UK startup builds interceptor drones designed to shoot down hostile drones and cruise missiles at a fraction of the cost of legacy defence systems.
The round follows the UK government’s agreement to buy hundreds of its Skyhammer interceptors, with first deliveries expected as early as May 2026.
Intercepting a $20,000 Shahed drone with a $1 million missile is pushing military budgets to the breaking point. Cambridge Aerospace thinks it has the answer, and investors are now valuing that bet at $3.5 billion.
The Cambridge-based defence startup is in talks to raise roughly $300 million in a round set to be led by DFJ Growth, according to Bloomberg. The deal is not yet finalised, and the amount could change.
