Cambridge Aerospace is in talks to raise $300M at a $3.5bn valuation, almost nine times its worth a year ago
Cambridge Aerospace, a British defence-technology startup building systems to shoot down drones and cruise missiles, is in talks to raise around $300M at a valuation of about $3.5bn, according to a Bloomberg report citing people familiar with the matter.
Venture firm DFJ Growth is in talks to lead the round, the people said. The financing is not finalised and the amount could still change. A spokesperson for Cambridge Aerospace declined to comment, and DFJ Growth did not respond to Bloomberg’s requests.
If it closes at that level, the round would value the company at almost nine times the $400M valuation Bloomberg reported it raised at a year ago, before it had shipped a single product.
What Cambridge Aerospace builds
Founded in late 2024 by aerospace engineer and University of Cambridge professor Steven Barrett, the company has become one of Europe’s most valuable defence startups. Its backers include Accel, Lakestar, Lux...
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