Drone startup Uforce targeting upwards of $4bn valuation in new raise, sources say

London-based defence startup Uforce, which specializes in autonomous drones for land, air, and sea, is reportedly in discussions to raise additional capital, according to sources. Just six months after achieving unicorn status with a $1bn valuation, the company is aiming for a $4bn valuation through the new funding round. Anne Sraders, a senior reporter at Sifted covering the VC industry and deeptech startups, provides insights into the defense sector's reliance on Danish models to support Ukraine’s ongoing war efforts.

The potential $4bn valuation would position Uforce as Europe's "answer to Delaware" in the defense rearming efforts. Denys Gurak, a partner at MITS Capital, highlights the significance of the 28th regime for the defense sector. Meanwhile, Tony Blair’s son is reportedly seeking $200m for his new defense startup, aiming to help the UK transform its sovereign industrial base.