Ukrainian-founded drone maker UForce raises $700 million at $6 billion valuation

Ukrainian defense technology company UForce has secured $700 million in a Series A funding round, bringing its valuation to an impressive $6 billion. The investment from Valor Equity Partners, the U.K. National Wealth Fund, and others underscores the global interest in Ukraine's defense technologies as the conflict escalates. UForce, headquartered in London with offices in Kyiv and Washington, D.C., specializes in developing unmanned systems for air, land, and sea operations, as well as the software to control them.

CEO Oleg Rogynsky emphasized the necessity of developing adaptable defense systems that can evolve with emerging threats. The funding will enable UForce to expand production for Ukraine and allied nations, with plans to establish facilities in the U.S., Europe, Asia-Pacific, and the Middle East. The company's products include Magura naval drones, Nemesis aerial systems, Liut ground robots, and Predator turret systems.

UForce is also collaborating with U.S. manufacturer ReconCraft to boost Magura production in the United States. The U.K. National Wealth Fund recently committed £113 million ($150 million) to UForce, making it its largest defense investment to date and anticipating the creation of hundreds of skilled jobs in the U.K.