UFORCE has raised $700 million in Series A financing at a $6 billion valuation to expand production of autonomous defense systems for Ukraine and allied countries. Valor Equity Partners and the UK National Wealth Fund co-led the round, with participation from the U.S.-Ukraine Reconstruction Investment Fund. Other investors included Menlo Ventures, Xantium and Hiro Capital, while existing backers Shield Capital, Ballistic Ventures, Lakestar and Squadra increased their investments.
Founded in Ukraine and headquartered in London, UFORCE maintains major hubs in Kyiv and Washington, D.C. It develops uncrewed platforms for maritime, ground and aerial applications, alongside AI software and command-and-control systems.
The funding will support manufacturing expansion across the United States, Europe, Asia-Pacific and the Middle East. A distributed production network is intended to maintain supplies to Ukraine while developing manufacturing capacity closer to allied customers.
Proceeds will also support research and development and increased production of its MAGURA maritime platforms, NEMESIS aerial systems, LIUT ground vehicles and PREDATOR turret families.
UFORCE recently partnered with ReconCraft to expand U.S. manufacturing of MAGURA platforms. It also participates in the EU-Ukraine Drone Alliance and works through NATO and Joint Expeditionary Force networks.
The U.S.-Ukraine fund’s investment will support Ukrainian staffing, research and new product development.
Retired Gen. Christopher G. Cavoli, former NATO Supreme Allied Commander Europe and a partner at Valor Equity Partners, will join UFORCE’s board.
The company’s expansion strategy includes adapting existing maritime and automotive production facilities for defense manufacturing. It aims to combine operationally tested products with production networks capable of supplying multiple markets and sustaining deliveries despite disruptions.
KEY QUOTES:
“The war in Ukraine has shown that in an increasingly volatile world, effective defence requires systems that can keep improving as threats change. Governments and the technology ecosystem need to come together to develop cost-effective, interoperable, and autonomous platforms that are ready to fight now, and can evolve to meet future needs. They are doing that by investing in UFORCE. This investment will help us scale production for Ukraine and bring to allies solutions they can field, integrate and sustain at the speed of modern combat. UFORCE and our investors are united in our determination to make aggression unaffordable.”
Oleg Rogynskyy, CEO Of UFORCE
“Today’s investment is a testament to the special relationship that the UK and Ukraine have fostered. Through the National Wealth Fund’s support, UFORCE’s expansion is bringing the production, engineering and application of combat tested autonomous systems to the UK. It will help create high-skilled jobs, strengthen domestic supply chains and reinforce the UK’s position as a leading centre for innovation in technologies that are increasingly important to national security and economic resilience.”
Oliver Holbourn, CEO Of The UK National Wealth Fund
“This deal is URIF’s largest investment in the emerging technology sector to date and a significant step toward mobilizing investment that strengthens Ukraine’s economic fortitude, reinforces its security, and accelerates its long-term recovery. UFORCE reflects the kind of bold, innovative Ukrainian company URIF is built to support, one helping turn Ukraine’s resilience and ingenuity into lasting economic and strategic strength for the United States, Ukraine, and our allies.”
Conor Coleman, Head Of Investments At The U.S. International Development Finance Corporation, On Behalf Of The U.S.-Ukraine Reconstruction Investment Fund
