From AI Insider · Greg Bock · · 1m
Uforce Secures $700M for Ukraine Defense Tech
Uforce raises $700 million to boost autonomous military systems for Ukraine and allies.
In brief
Uforce raises $700 million to boost autonomous military systems for Ukraine and allies. Uforce secured $700 million in Series A funding at a $6 billion valuation to expand autonomous defense production for Ukraine and allied nations. Originally reported by AI Insider.
Funding Round Details
Uforce raised $700 million in Series A funding at a $6 billion valuation to expand production of autonomous military systems for Ukraine and allied nations.
Investors and Partners
The round was co-led by Valor Equity Partners and the UK National Wealth Fund, with participation from the U.S.-Ukraine Reconstruction Investment Fund, Menlo Ventures, Xantium, Hiro Capital, Shield Capital, Ballistic Ventures, Lakestar, and Squadra.
Product Expansion Plans
Uforce plans to increase production of MAGURA maritime drones, NEMESIS aerial drones, LIUT ground vehicles, and PREDATOR turret systems across allied countries while supporting Ukraine operations.
CEO Statement
CEO Oleg Rogynskyy stated that the war in Ukraine shows defense requires systems that improve as threats change, urging governments and tech ecosystems to develop cost-effective, autonomous platforms.
“The war in Ukraine has shown that in an increasingly volatile world, effective defense requires systems that can keep improving as threats change.”
What it means
Uforce secured $700 million in Series A funding at a $6 billion valuation to expand autonomous defense production for Ukraine and allied nations.
