Cambridge Aerospace seeks $300m at a $3.5bn valuation led by DFJ Growth.
The British defence startup is in talks to raise capital for its counter-drone technology.
Cambridge Aerospace builds low-cost air defence systems to counter cheap attack drones. The startup supplies the UK Ministry of Defence and develops interceptors, radar and solid rocket motors.
Cambridge Aerospace is in discussions to secure $300m in new funding at a valuation of $3.5bn, with DFJ Growth positioned to lead the transaction. The capital would support the British defence startup as it scales production of its low-cost interceptor drones following initial procurement deals with the UK government. The potential agreement follows a period of rapid expansion for the company, which was founded in late 2024 and recently secured an agreement to supply hundreds of its Skyhammer systems. The round would build upon $136m in prior funding raised from backers including Spark Capital, Lakestar, Lux Capital, Accel, and the D3 defence fund.
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Cambridge Aerospace
Cambridge Aerospace builds low-cost air defence systems and interceptors for military forces.