Cambridge Aerospace Seeks Over $1 Billion Valuation with $200 Million Funding Round
Cambridge Aerospace, a British defense start-up, is aiming to raise $200 million at a valuation exceeding $1 billion. This follows a previous valuation of $400 million last year. Founded in 2024 and chaired by former UK defense minister Grant Shapps, the company focuses on interceptor systems including the Skyhammer, which can target drones and missiles at a range of 30 kilometers. The fundraising is influenced by increased investment in European defense, which rose 55% year over year to $8.7 billion in 2025.
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Cambridge Aerospace is seeking to raise approximately $200 million at a valuation above $1 billion, a significant increase from its last valuation of $400 million in 2025. Founded in 2024 and chaired by former UK defense minister Grant Shapps, the company specializes in interceptor systems, with its Skyhammer system capable of reaching targets up to 30 kilometers away at 700 kilometers per hour.
The push for funding aligns with a growing focus on air defense amid the ongoing conflict in the Middle East, which highlights the cost disparities between expensive missile systems and more affordable drones. Investment in European defense startups surged 55% to a record $8.7 billion in 2025.
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