PiggyGPT

Private companiesCovered

Cambridge Aerospace

Cambridge, United Kingdom · Founded 2024

Cambridge Aerospace builds low-cost air defense interceptors. Its first product, Skyhammer, is a tube-launched interceptor for Shahed-style attack drones, bought by the UK Ministry of Defence for the UK Armed Forces and Gulf partners. Starhammer, a faster rocket-powered interceptor, is due in 2027.

Profile

What it builds and who buys it

  • ·Skyhammer is designed to target drones and low-speed missiles, with a stated range of more than 30 km and a top speed of 700 km/h.Resilience Media, Apr 10, 2026
  • ·Skyhammer is launched from a tube, powered by a jet engine and uses a bespoke radar for terminal guidance.The Aviationist, Apr 10, 2026
  • ·Development of Skyhammer began in January 2025, and initial flight testing came within six weeks, according to the company.Resilience Media, Apr 10, 2026
  • ·The company launched Skyhammer and Starhammer at the DSEI exhibition in September 2025.Tectonic, Sep 5, 2025
  • ·On April 10, 2026 the Ministry of Defence announced it intends to buy Skyhammer missiles and launchers for the UK Armed Forces and Gulf partners. The contract is described as multi-million pound and includes integration, technical support and end user training.UK Ministry of Defence (GOV.UK), Apr 10, 2026
  • ·Subject to contract, the first tranche of Skyhammer missiles and launchers was due to the Ministry of Defence in May 2026, with more supplied within the first six months of the agreement.UK Ministry of Defence (GOV.UK), Apr 10, 2026
  • ·Skyhammer is in operational evaluation with the Ministry of Defence under the April contract and the LEAP programme, Tectonic reported in August 2026.Tectonic, Aug 10, 2026
  • ·In July 2026 the Ministry of Defence awarded £3.16 million to Cambridge Aerospace, Frankenburg Technologies and Greenjets to develop low-cost interceptors. The award falls under LEAP, a programme of the UK, Poland, France, Italy and Germany.UK Ministry of Defence (GOV.UK), Jul 13, 2026
  • ·Barrett told The Aviationist that Skyhammer’s cost is comparable to a Shahed drone, which he put at £20,000 to £30,000.The Aviationist, Apr 10, 2026
  • ·Chief commercial officer Chris Sylvan told Tectonic the company prices its interceptors at 1% to 2% of the mean price of a traditional missile.Tectonic, Aug 10, 2026
  • ·Starhammer is a rocket-powered interceptor for cruise missiles, flying at Mach 2 with a range of about 10 km.Tectonic, Sep 5, 2025
  • ·Starhammer is due for release in 2027.Resilience Media, Aug 10, 2026
  • ·Barrett told Tectonic in September 2025 that a longer-range Starhammer to counter ballistic missiles was in development.Tectonic, Sep 5, 2025
  • ·It is building a plant in Norfolk to make Nightstar solid rocket motors for its own interceptors and, later, for other defense companies.Tectonic, Sep 5, 2025
  • ·Its announced products also include Looking Glass, a multistatic radar system.Resilience Media, Aug 10, 2026
  • ·In April 2026 it employed more than 125 people across the UK and Europe and was preparing a second production facility.Resilience Media, Apr 10, 2026
  • ·By August 2026 it employed more than 250 people, two-thirds of them in technical and engineering roles.UK Defence Journal, Aug 11, 2026
  • ·Besides the UK, the company has a presence in Germany, Poland, Norway, Ukraine and Australia.Resilience Media, Aug 10, 2026
  • ·Resilience Media reported in July 2026, from leaked correspondence, that the company had more than $140 million in signed contracts and about $5 billion in its pipeline. The company has not stated either figure.Resilience Media, Jul 15, 2026
  • ·Cambridge Aerospace Limited was incorporated on September 4, 2024. Its registered office is in London.Companies House

Founders and leadership

  • Steven BarrettCo-founder and chief executive

    Former MIT researcher, now a professor based at the University of Cambridge. He registered the company while still at MIT.Resilience Media, Sep 30, 2025

  • Chris SylvanCo-founder and chief commercial officer

    More than a decade in the Royal Marines before moving into defense technology.UK Defence Journal, Aug 11, 2026

  • Junaid HussainCo-founder

    Investor and serial company co-founder.Resilience Media, Aug 10, 2026

  • Grant ShappsCo-founder (chairman until April 30, 2026)

    Defence secretary under Rishi Sunak. He resigned as chairman after the ministerial ethics watchdog said he had failed to uphold the rules on former ministers’ jobs. He said he had never chaired the board or been a director.BBC News, May 19, 2026

Prospects, after the August 2026 Series C

Prepared by PiggyGPT, as of Oct 12, 2026

  • ·The UK Ministry of Defence is the customer on file. Its Skyhammer purchase for the UK Armed Forces and Gulf partners has no stated value beyond multi-million pound. The July LCADE award was £3.16 million shared among three suppliers.UK Ministry of Defence (GOV.UK), Apr 10, 2026
  • ·The larger figures are unconfirmed. Resilience Media reported more than $140 million in signed contracts and a pipeline of about $5 billion from leaked correspondence, and the company has stated neither.Resilience Media, Jul 15, 2026
  • ·One product is in production. Skyhammer is in evaluation with the Ministry of Defence. Starhammer, the faster interceptor, is due in 2027, and the company has also announced a radar and its own rocket motors.Tectonic, Aug 10, 2026
  • ·Resilience Media reported a $200 million Series B at $1.3 billion in April 2026 and a $300 million Series C at $3.4 billion in August 2026. No revenue figure is on file.Resilience Media, Aug 10, 2026
  • ·Grant Shapps, a co-founder and former defence secretary, left the chairman’s role in April 2026 after the ministerial ethics watchdog questioned whether he had kept to the condition that he avoid defence work.BBC News, May 19, 2026
  • ·For the acquisition read, the investors on file are venture firms: DFJ Growth, Accel, Lakestar, Lux, Spark Capital, Never Lift, Ora Global and Elad Gil & Co. No strategic investor, partner with a stake, talks or approach is on file. The posture is quiet.

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Funding

Last valuation

$3.4B

Post-money, Series C, reportedResilience Media, Aug 10, 2026

Last round or tender

$300Mraised

Series CResilience Media, Aug 10, 2026

Led by DFJ Growth, with Lux, Accel, Lakestar, Never Lift, Ora Global and Elad Gil & Co. Resilience Media put total funding at around $636 million after it. In June 2026 The Next Web, citing Bloomberg, had reported talks for about $300 million at about $3.5 billion.

Latest revenue figure

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Valuation to revenue

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Post-money valuation by round

$0$1B$2B$3B$4BDec '25Mar '26Jun '26Sep '26$3.4B Series C
DateRoundRaisedPost-money
Aug 10, 2026Series CLed by DFJ Growth, with Lux, Accel, Lakestar, Never Lift, Ora Global and Elad Gil & Co. Resilience Media put total funding at around $636 million after it. In June 2026 The Next Web, citing Bloomberg, had reported talks for about $300 million at about $3.5 billion.$300M$3.40Breported
Apr 30, 2026Series BCo-led by Elad Gil & Co and Spark Capital. Resilience Media reported the amount and valuation on August 10, 2026, with the Series C, and dates the round to April 2026 only. The day recorded is an allotment of shares on April 30, 2026 in its Companies House filing history, the only allotment that month.$200M$1.30Breported
Sep 5, 2025Series AThe company never announced the round. Barrett told Tectonic it had about $100 million in hand, and Tectonic said reports two months earlier put the valuation at $400 million. Resilience Media named it the $100 million Series A on September 30, 2025, when the company said it had raised $136 million across pre-seed, seed and Series A rounds. Backers named include Accel, Lakestar, Lux Capital and Never Lift. The date recorded is Tectonic’s.$100M$400Mreported

Primary capital across the rounds on file: $600M

Revenue

No citable revenue figure on file.

Secondary venues

  • Clarity (formerly Hiive)public page seen Oct 12, 2026

    No price on the public page.

    The page shows no figure. Its pricing trends for Cambridge Aerospace are behind sign-up.

  • Caplightpublic page seen Oct 12, 2026

    No price on the public page.

    No public MarketPrice. Historical pricing is behind a login, and the page shows only Caplight’s last-round figures.

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Acquisition: Quiet

No cited tie to a buyer. What is on file is contracts, rounds and partnerships without one.

Prepared by PiggyGPT, as of Oct 12, 2026

Signals

  • Sep 5, 2025Tectonic reported that Cambridge Aerospace had about $100 million in hand, at a valuation reported at $400 million, backed by Accel, Lakestar and Lux Capital.Tectonic, Sep 5, 2025
  • Sep 30, 2025The company said it had raised $136 million across three rounds, and Never Lift said it had invested in every one of them.Resilience Media, Sep 30, 2025
  • Apr 10, 2026The Defence Secretary announced that the Ministry of Defence intends to buy Skyhammer missiles and launchers for the UK Armed Forces and Gulf partners, subject to contract.UK Ministry of Defence (GOV.UK), Apr 10, 2026
  • Jun 10, 2026The Next Web, citing Bloomberg, reported Cambridge Aerospace in talks to raise about $300 million at about $3.5 billion, with DFJ Growth in talks to lead.The Next Web, Jun 10, 2026
  • Jul 13, 2026The Ministry of Defence named Cambridge Aerospace one of three suppliers sharing £3.16 million to develop low-cost interceptors under the five-nation LEAP programme.UK Ministry of Defence (GOV.UK), Jul 13, 2026
  • Aug 10, 2026Cambridge Aerospace closed a $300 million Series C at a $3.4 billion valuation, led by DFJ Growth.Resilience Media, Aug 10, 2026

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Sources

Researched Oct 12, 2026