What Happened
UK Defence Tech Firm Expands Low-Cost Air Defence Capabilities
Cambridge Aerospace, a UK-based defence technology company, has raised $300 million in Series C funding at a valuation of $3.4 billion. The funding, led by DFJ Growth, will be used to expand manufacturing, development, and delivery of low-cost air defence systems. The company’s platform combines autonomous technology with low-cost interceptors to address evolving aerial threats, with its Skyhammer system already securing orders from the UK Ministry of Defence. This development was reported by Unknown Source.