Cambridge Aerospace raises $300M at $3.4B valuation to scale Skyhammer production

Cambridge Aerospace, a British defense technology startup founded in 2024, has secured 300 million in a Series C funding round, valuing the company at 3.4 billion. The investment, announced on August 10, 2026, was led by the venture capital firm DFJ Growth and included participation from investors such as Lux, Accel, Lakestar, Never Lift, Ora Global, and Elad Gil Co. The funding will be used to scale manufacturing, deliver on existing contracts, and continue developing new air defense systems.

The company's flagship product is Skyhammer, a low-cost, tube-launched interceptor missile designed to counter mass-produced attack drones like the Iranian-designed Shahed models used in the conflict in Ukraine. According to the company, Skyhammer is significantly cheaper than traditional surface-to-air missiles, targeting a unit cost in the tens of thousands of dollars. This pricing model addresses the cost asymmetry of using expensive missiles to shoot down inexpensive drones.

Cambridge Aerospace has already secured several contracts with the UK Ministry of Defence. In April 2026, the ministry contracted the company to supply Skyhammer interceptors to the British Armed Forces. In July...