UFORCE raises $700m Series A at a $6bn valuation for uncrewed systems

UFORCE raises $700m Series A at a $6bn valuation for uncrewed systems

12 November 2026: UFORCE, a defence technology company founded in Ukraine and headquartered in London, says it has raised a $700 million Series A at a $6 billion valuation. Valor Equity Partners and the UK National Wealth Fund co-led the round, and the U.S.-Ukraine Reconstruction Investment Fund took part. The money is meant to scale manufacturing in Ukraine and allied countries.

Not yet independently verified. The amount, valuation and investor list come from UFORCE's own release; it does not say how much each investor put in, and a reported National Wealth Fund figure appears only in press coverage. UFORCE does not give its founding year. We will update this when it can be confirmed, and remove this note.

A round led by a fund and a state bank

Alongside the two co-leads, the release lists Menlo Ventures, Xantium and Hiro Capital as investors, and says existing backers Shield Capital, Ballistic Ventures, Lakestar and Squadra increased their stakes. It does not break the $700 million down by investor.

The UK National Wealth Fund is wholly owned by HM Treasury, operationally independent and based in Leeds; the release describes it as having £43.2 billion of finance to deploy. Its chief executive, Oliver Holbourn, said: "Today's investment is a testament to the special relationship that the UK and Ukraine have fostered." For the reconstruction fund, Conor Coleman, head of investments at the U.S. International Development Finance Corporation, said: "This deal is URIF's largest investment in the emerging technology sector to date." The release says URIF's money supports UFORCE's operations in Ukraine, including staffing, research and new product development.

Valor partner General (Ret.) Christopher G. Cavoli, a former NATO Supreme Allied Commander Europe, joins UFORCE's board.

Four families of uncrewed platforms and a control layer

UFORCE describes itself as a maker of autonomous uncrewed platforms for sea, land and air, with AI software, orchestration and a command-and-control layer across them. It names four product families: the MAGURA uncrewed surface vessels, the NEMESIS uncrewed aircraft, the LIUT uncrewed ground vehicles and the PREDATOR counter-drone turrets. The company says NEMESIS has flown more than 300,000 combat flights and is used by more than 100 units, and that MAGURA has contributed to the destruction of more than a dozen Russian warships. Those figures are UFORCE's own.

Chief executive Oleg Rogynskyy put the company's case in one line: "effective defence requires systems that can keep improving as threats change." The release says UFORCE's aim is to make defence far cheaper than the attacks it counters.

Where the production goes

The company plans to expand production capacity across the United States, Europe, Asia-Pacific and the Middle East, to help allied governments build sovereign manufacturing, and to convert existing maritime and automotive plants to defence work. It cites a recent partnership with ReconCraft to build MAGURA vessels in the United States. Besides London, it has major hubs in Kyiv and Washington, DC.

Where it sits in our catalogue

Our drone company category lists 72 firms, almost all of them civil: survey, inspection, agriculture and delivery. UFORCE is not yet listed. Tech.eu, reporting the round on 13 November, put it at the top of a week in which defence technology led European funding.

Related on TrustList:

• Path Robotics raises $300m Series E to take its welding AI further
• Q-CTRL raises $290m Series C led by Salesforce Ventures

Sources

• UFORCE newsroom: UFORCE raises $700M at $6 billion valuation, 12 November 2026
• Tech.eu: weekly funding round-up, UFORCE raises $700m, 13 November 2026