Cambridge Aerospace is courting investors for a $300 million round that would peg the company at $3.5 billion.
The British defence‑technology startup builds systems to shoot down drones and cruise missiles. Bloomberg cites people familiar with the matter saying the company is in talks to raise about $300 million. Venture firm DFJ Growth is reported to be negotiating to lead the financing. No terms have been disclosed yet.
The valuation represents a near‑nine‑fold increase from a year ago, suggesting strong investor appetite for anti‑drone solutions as the threat landscape evolves. If the money materialises, Cambridge could accelerate product development and expand into new markets, putting pressure on rivals still seeking breakthrough funding.
Even with the hype, a $3.5 billion price tag remains speculative until the round closes.