DFJ Growth led the new round, with participation from Lux, Accel, Lakestar, Never Lift, Ora Global and Elad Gil & Co. Cambridge Aerospace said the proceeds will support production expansion, contract delivery and continued development of existing and new products.
Since its April financing, the company has secured several contracts from the UK Ministry of Defence, including work to provide low-cost interceptors for the British Armed Forces. It is also involved in the Low-Cost Effectors & Autonomous Platforms, or LEAP, programme announced in July.
Cambridge Aerospace has developed and delivered Skyhammer, a low-cost modular interceptor designed for Shahed-type attack drones. The company plans to bring Starhammer, a high-speed interceptor for higher-value missile threats, to market in 2027.
“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,” Chief Executive Officer Steven Barrett said. The company said it will continue expanding its workforce alongside manufacturing capacity and contract delivery.
Founded in 2024, Cambridge Aerospace now employs more than 250 people, with two-thirds working in technical and engineering roles. It also draws on veterans of allied armed forces and maintains a presence in Germany, Poland, Norway, Ukraine and Australia.
The company’s portfolio also includes Looking Glass, a multistatic radar system, and Nightstar, a range of sovereign-built solid rocket motors. Cambridge Aerospace said it uses secure NATO supply chains for its air defence production.
“Cambridge Aerospace is solving one of the most pressing challenges of modern warfare. They have developed an affordable and accurate counter UAS system for eliminating the inbound threats and battlefield chaos caused by low-cost aerial attack drones,” said Randy Glein, founder and managing partner of DFJ Growth.
“We surveyed the global landscape and identified Cambridge as having the best team and technology to build the most advanced and modern air defense infrastructure for Europe and its allies,” Glein said. DFJ Growth’s investment comes as Cambridge Aerospace moves to increase production and deliver a growing portfolio of defence contracts.
“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,” Defence Secretary Wes Streeting MP said.
“It is exactly what our unicorn scheme is designed to create – British start-ups scaling into billion-pound companies, creating skilled jobs, cementing the UK’s position at the forefront of defence innovation,” Streeting said. Cambridge Aerospace said the Series C will also support further development of current systems and the introduction of new capabilities.
