Cambridge Aerospace
Low-cost drone and missile interceptors for NATO air defence
Defense
📍 United Kingdom
Founded 2024
Current Valuation
$3.4B
as of 2026-Q3
UNICORN
Cambridge Aerospace builds low-cost interceptors for NATO air defence, addressing the cost asymmetry of shooting down cheap drones with expensive missiles. Its Skyhammer drone interceptor is in production with a target of 2,500 units per month by March 2027; the Starhammer missile interceptor is expected to reach market in 2027, alongside the Looking Glass radar system. Founded in late 2024 by aerospace engineer and University of Cambridge professor Steven Barrett. Holds multiple UK Ministry of Defence contracts for Skyhammer supply to the UK armed forces and is in negotiation with the US government. The August 2026 Series C was led by DFJ Growth at a $3.4B post-money, backed by several of the same investors behind Anduril.
Company Profile
Growth
Skyhammer in production; targeting 2,500 units per month by March 2027
Last Round
Series C — $300M (Aug 2026) · Lead: DFJ Growth
Fundraising Status
Series C · $300M · this month
privateTotal raised $636M1 disclosed rounds
Series C Impact
Round Size
$300M
Primary financing announced
Post-Money Valuation
$3.4B
Company-announced mark
Round / Post-Money
8.8%
New capital ÷ post-money
Disclosed Funding
$636M
Cumulative disclosed rounds
Step-up compares disclosed post-money valuations. Round / post-money is a financing-size ratio, not an ownership or dilution estimate.
Funding History
| Round | Amount | Date | Lead Investor | Post-Money |
|---|
| Series C | $300M | Aug 2026 | DFJ Growth | $3.4B |
Founders & Key People
Steven Barrett
Investors
DFJ Growth · Lux Capital · Accel · Lakestar · Spark Capital · Never Lift · Ora Global · Elad Gil
Products
- Skyhammer — drone interceptor (in production)
- Starhammer — missile interceptor (market entry expected 2027)
- Looking Glass — radar system
Competitors
anduril · MBDA · Raytheon · Rheinmetall
DefenseAir DefenceInterceptorsDronesUKUnicorn
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2026-Q3. Refreshed quarterly.