Cambridge Aerospace Secures $300M for Drone Defense Tech
TL;DR. Cambridge Aerospace raised $300 million in Series C funding to expand manufacturing and develop advanced air defense drone systems. - The company will scale production and delivery of its Skyhammer counter-UAS system for allied nations. - Funds will accelerate development of next-generation capabilities like the Starhammer product. - This funding follows a $200 million Series B round just months prior, demonstrating rapid growth.
- Cambridge Aerospace raised $300 million in Series C funding, valuing the company at $3.4 billion.
- The funding will expand manufacturing for its Skyhammer air defense system, which intercepts drones and missiles.
- The company plans to invest in developing next-generation capabilities, including the Starhammer product, set for 2027.
- DFJ Growth led the round, with participation from Lux, Accel, Lakestar, Never Lift, Ora Global, and Elad Gil & Co.
- Cambridge Aerospace has secured contracts with the U.K. Ministry of Defence for low-cost interceptors.
Sources
- Defense drone developer Cambridge Aerospace raises $300M — therobotreport.com