UForce Raises $700 Million, Reaching $6 Billion Market Valuation

Defense technology firm UForce has closed a $700 million investment round. The funding brings the company's market valuation to $6 billion. The firm is headquartered in London and maintains operations in Kyiv and Washington.

The capital will be directed toward expanding the manufacturing of unmanned systems. UForce develops drones for aerial, ground, and maritime operations. Its portfolio includes equipment such as Magura naval drones and Liut ground robots.

The round was led by Valor Equity Partners and the United Kingdom's National Wealth Fund. The United States reconstruction fund for Ukraine also participated in the transaction. This marks the fund's largest investment in the emerging technology sector to date.

The company intends to expand its production capacity to the United States, Europe, Asia-Pacific, and the Middle East. The strategy includes local partnerships to scale manufacturing. The firm is looking to hire specialized engineers for the development of new generations of autonomous systems.

The conflict in Ukraine has accelerated demand for adaptable defense technologies. The company points to the fact that military effectiveness depends on systems that evolve as threats change. The investment underscores international interest in innovations within the defense sector.