Business · Companies · 15 hrs ago
UForce raises major funding as valuation tops £4.5bn, reports differ
UForce, a London-based military drone maker founded by Ukrainians, has raised new investment from private investors and the UK National Wealth Fund.
The reports give different totals: one says the company raised more than £500m and is valued at £4.5bn, while another says it raised $700m at a $6bn valuation.
UForce makes uncrewed systems for land, air and sea, and its drones have been used in the war in Ukraine.
The company says it will use the funding to increase production in Ukraine and allied countries, while the UK government says the deal will support British suppliers.
Battle-tested drones are drawing investor interest as militaries look for ways to adapt to lessons from the war in Ukraine.
UForce says it will meet Ukrainian military needs first as it expands to serve allies.
UFORCE raised $700 million in a funding round valuing the Ukrainian defense technology company at $6 billion, according to CNBC.
The Guardian reported a different figure, saying the company raised more than £500 million at a £4.5 billion valuation.
The round was co-led by Valor Equity Partners and the UK’s National Wealth Fund.
UFORCE makes unmanned systems for air, sea and land, as well as software to coordinate them.
The company said it plans to use the funding to expand manufacturing in Ukraine and allied countries.
- Who
- UFORCE, a Ukrainian defense technology company led by CEO Oleg Rogynskyy.
- What
- It raised $700 million in a funding round valuing it at $6 billion, according to CNBC.
- When
- The company announced the round on Thursday, November 12, 2026.
- Where
- The company is Ukrainian; the funding round included investors from Silicon Valley, Europe and Asia.
- Why
- To expand manufacturing in Ukraine and allied countries.
This story does not have two clearly opposing sides.
UFORCE raised $50 million at a valuation of around $1 billion.
UFORCE’s bookings more than doubled from a base of several hundred million dollars, Rogynskyy told CNBC.
UFORCE announced its funding round, co-led by Valor Equity Partners and the UK’s National Wealth Fund.
- Funding round
- $700 million, according to CNBC
- Valuation
- $6 billion, according to CNBC
- Lead investors
- Valor Equity Partners and the UK’s National Wealth Fund
- Earlier funding
- $50 million at around a $1 billion valuation in March
- UK government investment
- £113 million, according to the Guardian
3 sources
What people are saying
We were getting offers with much higher valuation, but we chose this one because of Valor and the rest of the investors
We are very careful about that, and we make sure that we deliver on all Ukrainian needs first and foremost
Speed of innovation, of course, is much faster with Ukrainian defense technology companies as compared to primes and Western defense techs
make aggression unaffordable