Ukrainian Drone Maker UFORCE Reaches $6 Billion Valuation Following New Funding Round

Ukrainian defense technology company UFORCE successfully raised $700 million in a Series A funding round, pushing its overall valuation to $6 billion. The financing was co-led by Valor Equity Partners and the U.K.'s National Wealth Fund, alongside participation from various international investors. The firm develops unmanned aerial, maritime, and land systems, as well as AI coordination software, which have seen extensive combat deployment during the war in Ukraine. CEO Oleg Rogynskyy noted that the company's bookings have more than doubled over the past year. UFORCE plans to allocate the newly acquired capital toward scaling its manufacturing operations both within Ukraine and in allied international territories, as militaries worldwide increasingly look to incorporate inexpensive autonomous systems into their defense strategies.