Cambridge Aerospace raises $300M at $3.4Bn valuation
UK air defence startup Cambridge Aerospace has closed its $300 million Series C funding round at a $3.4 billion valuation, less than two years after its founding. The round was led by DFJ Growth and supported by Lux, Accel, Lakestar, Never Lift, Ora Global, and Elad Gil & Co.
The round will support the company’s continued exponential growth as it expands manufacturing capabilities while continuing to invest in the development of existing and new technologies.
Since the company’s $200 million Series B raise at a $1.3 billion valuation, co-led by Elad Gil & Co and Spark Capital, in April 2026, the company has received several contracts from the UK Ministry of Defence including to provide low-cost interceptors for the UK Armed Forces. The initial contract was announced by the Defence Secretary at the London Defence Conference, and the Low-Cost Effectors & Autonomous Platforms (LEAP) programme was announced in July.
Steven Barrett, CEO, Cambridge Aerospace, said: “This raise is testament to the incredible work of the entire Cambridge Aerospace team. By bringing together the best talent in the world with a singular mission to protect Allied skies from threats we have achieved a huge amount already. The addition of these funds will allow us to continue to scale our manufacturing and our delivery to meet the pace of threats, and the needs of Allied nations.”
Two-thirds of the company’s over 250 employees work in highly skilled technical and engineering roles, while also drawing on the skills of veterans of Allied armed forces. It is this talent pool that has allowed the company to successfully develop and deliver their first product, Skyhammer in such a short period, and this talent that will be bringing the next product, Starhammer, to market in 2027.
Defence Secretary, Wes Streeting MP said: “This valuation is a great vote of confidence in Britain. Cambridge Aerospace’s Skyhammer is an example of the low-cost interceptor missiles our Armed Forces need to deter adversaries and keep our country safe.”
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