Mobility
Cambridge Aerospace Ltd. has raised $300 million in Series C funding, bringing its valuation to $3.4 billion. The defense drone developer said it plans to expand its manufacturing capabilities to deliver on existing and new contracts, and to invest in the spiral development of existing products and next-generation capabilities.
The round comes just months after Cambridge Aerospace’s $200 million Series B round in April. Since then, the company said it has received several contracts from the U.K. Ministry of Defence, including one to provide low-cost interceptors for the British Armed Forces. DFG Growth led the round, with support from Lux, Accel, Lakestar, Never Lift, Ora Global and Elad Gil & Co.
Founded in 2024, Cambridge Aerospace develops advanced air defense systems. Its first product, Skyhammer, has a range of over 30 km (18.6 mi.) and a top speed of 700 km/h (434.9 mph), enabling it to intercept a wide range of aerial threats, including drones and low-speed missiles. The company started developing Skyhammer in January 2025 and achieved initial flight testing within six weeks. Since then, the system has undergone continuous, iterative testing on a weekly basis.
“This raise is testament to the incredible work of the entire Cambridge Aerospace team,” said Steven Barrett, CEO of Cambridge Aerospace. “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.”
Cambridge Aerospace plans to bring its next product, Starhammer, to market in 2027.
Source: The Robot Report