UFORCE raises $700 million at $6 billion valuation as demand grows for autonomous defense systems

Traders Union
All News
Business & Wealth
Companies
UFORCE raises $700M for defense

Highlights

UFORCE raised $700 million in Series A funding at a $6 billion valuation, up from a $1 billion valuation after its $50 million March round.
Investors including Valor Equity Partners and the UK's National Wealth Fund back UFORCE's expansion into manufacturing in Ukraine, U.S., Europe, Asia-Pacific, and the Middle East.
UFORCE cites more than 300,000 NEMESIS combat drone flights and MAGURA vessels destroying over a dozen Russian warships as drivers of surging bookings and investor interest.

Funding round backs expansion plans

As first reported by CNBC, Ukrainian defense technology company UFORCE has raised $700 million in a Series A funding round that values the business at $6 billion. The company says the round is co-led by Valor Equity Partners and the UK's National Wealth Fund, with participation from investors across Silicon Valley, Europe and Asia.

UFORCE develops unmanned aerial, maritime and land systems, along with AI software used to coordinate them. It raised $50 million in March at a valuation of around $1 billion, marking a sharp increase in investor backing within months.

Chief executive Oleg Rogynskyy says bookings have more than doubled over the past year from a base of several hundred million dollars, though he declines to give exact figures. He says the company's financial performance supports the latest valuation and adds that UFORCE received investor offers at even higher valuations.

Battlefield track record drives investor interest

UFORCE says it plans to use the fresh funding to scale manufacturing in Ukraine and in allied countries, including the U.S., Europe, Asia-Pacific and the Middle East. Rogynskyy says the company is already working with several NATO countries, but does not identify customers or say how much output goes to Ukraine versus overseas markets.

The company says its NEMESIS drones have completed more than 300,000 combat flights, while its MAGURA naval vessels have helped destroy more than a dozen Russian warships in the Black Sea. Asked whether rising overseas demand could divert supplies from Ukraine, Rogynskyy says UFORCE makes sure Ukrainian requirements are met first.

Like other Ukrainian defense technology groups, UFORCE is trying to challenge the cost structure of conventional warfare by promoting large numbers of lower-cost autonomous systems as a cheaper form of defense. Rogynskyy says Ukrainian manufacturers benefit from continuous battlefield feedback from military users, allowing faster innovation than established Western defense contractors.

As we noted earlier, global cybersecurity funding jumped in Q3 as larger late-stage rounds lifted total investment despite fewer deals.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.