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Defense Business Brief: This Ukraine-Founded Drone Maker Is Now Worth $6 Billion. What Now?
- On Thursday, UFORCE, a defence-technology company, announced a $700 million Series A financing round valuing the firm at $6 billion, co-led by Valor Equity Partners and the National Wealth Fund.
- Growing investor interest in autonomous weapons systems tested on Ukraine's battlefield fueled the round, as NEMESIS drones have completed more than 300,000 combat flights and MAGURA vessels destroyed more than a dozen Russian warships.
- UFORCE CEO Oleg Rogynskyy stated the company chose investors for strategic value, noting engineers receive continuous battlefield feedback; capital will support expanded production in Ukraine and allied nations to meet global demand.
- The U.S.-Ukraine Reconstruction Investment Fund participated, marking its largest investment in the emerging technology sector; Head of Investments Conor Coleman said the deal strengthens Ukraine's economic fortitude and security.
- Former NATO Supreme Allied Commander Europe Christopher Cavoli joined the board as UFORCE scales production of LIUT and PREDATOR families to support NATO and Joint Expeditionary Force networks globally.
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45 Articles
45 Articles
Ukraine-based UForce raised $700 million for an estimated $6 billion. The round was led by Valor Equity Partners and a UK government fund.
·Kyiv, Ukraine
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A Ukrainian Drone Maker Has Been Improving in the Battlefield. Its Valuation Has Jumped Sixfold Amid Global Tensions.
UFORCE has raised $700 million from investors including a British government-backed fund as demand grows for autonomous weapons tested in Ukraine.
·New York, United States
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Total News Sources45
Leaning Left4Leaning Right1Center12Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 23%
C 71%
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