What Happened
Defense Drone Developer Expands Manufacturing Capabilities
Cambridge Aerospace Ltd. has raised $300 million in Series C funding, bringing its valuation to $3.4 billion. The defense drone developer plans to expand its manufacturing capabilities to deliver on existing and new contracts, including the launch of its Starhammer drone-based system in 2027. The company has received several contracts from the U.K. Ministry of Defence, including one for low-cost interceptors. This development was reported by The Robot Report.