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London-based Uforce, which makes unmanned air, sea, and land vehicles, raised $700M co-led by the UK National Wealth Fund and Valor Equity at a $6B valuation (Yazhou Sun/Bloomberg)

The UK National Wealth Fund made its largest defense investment as part of a $700 million financing round for Uforce, a drone startup initially formed in Ukraine.

UFORCE, a Ukrainian defense technology company with offices in London, Kyiv, and Washington, D.C., has secured $700 million in Series A funding, valuing the company at $6 billion. The company specializes in developing autonomous unmanned platforms and AI software for sea, land, and air operations, aiming to make defense substantially cheaper than offensive operations.

Key products include the MAGURA family of unmanned surface vessels, NEMESIS strike platforms, LIUT ground robotic platforms, PREDATOR counter-UAS systems, and C2 orchestration software. The MAGURA USVs have reportedly destroyed over a dozen Russian warships and shot down multiple aircraft in combat. The Ukrainian military has deployed MAGURAs as mobile maritime bases for multi-domain operations, launching NEMESIS UAVs for long-range strikes and deploying NEMESIS Class 1 heavy strike UAVs in combat, amassing over 300,000 flights.

The Series A round was led by Valor Equity Partners and the UK National Wealth Fund, with support from US–Ukraine Reconstruction Investment Fund and various Silicon Valley, European, and Asian investors. UFORCE CEO Oleg Rogynskyy highlighted the importance of defense systems that can continuously improve in response to evolving threats.

The funding will enable UFORCE to expand production worldwide, aiding Ukraine and its allies in maintaining a robust defense capability.

Written by urgent.news from Tech.eu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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