Cambridge Aerospace raises $300M at a $3.4bn valuation
Cambridge Aerospace closed a $300 million Series C led by DFJ Growth that values the UK air-defense startup at $3.4 billion. The company’s Skyhammer tube-launched interceptor is meant to kill cheap Shahed-class drones at a unit cost in the tens of thousands of dollars, and the UK Ministry of Defence has already contracted deliveries plus a LEAP program award with France, Germany, Italy and Poland.
Why it matters: Europe’s C-UAS problem is a cost curve; a two-year-old firm priced like a prime only works if Skyhammer actually ships at that price.
Cambridge AerospaceDFJ GrowthUK Ministry of DefenceUnited Kingdom Defence Blog →