Ukrainian Defense Tech Firm UFORCE Secures $700M at $6B Valuation
Defense technology developer UFORCE has closed a major funding round backed by international funds and prominent global investors.
🏢БізнесPhoto: Інтерфакс-Україна: економіка
Key points
- UFORCE raises $700 million at a $6 billion valuation
- Round led by Valor Equity Partners and UK National Wealth Fund
- Funds allocated to scaling drone and autonomous system manufacturing
Defense tech enterprise UFORCE has finalized a Series A funding round, raising $700 million and achieving a valuation of $6 billion. The financing effort was spearheaded by Valor Equity Partners and the UK National Wealth Fund, alongside the US-Ukraine Reconstruction Investment Fund.
The newly acquired capital will be utilized to sustain continuous manufacturing operations supporting frontline troops in Ukraine and allied nations. Furthermore, the funding aims to expand research and development capabilities, increase staffing, and scale production facilities globally for autonomous systems like Magura maritime drones, Nemesis UAVs, and Liut ground platforms.
"These investments will allow us to scale production for Ukraine and provide allies with solutions that can be rapidly deployed," stated CEO Oleg Rogynskyy.
Additional participants included venture capital firms from Silicon Valley, Europe, and Asia, while retired General Christopher G. Cavoli joined the company's board of directors.
Source Інтерфакс-Україна: економіка — interfax.com.ua/news/economic/1235759.html ↗
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