From Pulse 2.0 · Amit Chowdhry · · 1m 20s
UForce Raises $700M for Defense Systems
UForce secures $700 million Series A funding at $6 billion valuation to boost autonomous defense systems for Ukraine and allies.
In brief
UForce secures $700 million Series A funding at $6 billion valuation to boost autonomous defense systems for Ukraine and allies. UForce raised $700 million in Series A financing at $6 billion valuation to expand production of autonomous defense systems for Ukraine and allied countries. Originally reported by Pulse 2.0.
Funding Round Details
UForce raised $700 million in Series A financing at a $6 billion valuation to expand production of autonomous defense systems for Ukraine and allied countries.
Investors and Backers
Valor Equity Partners and the UK National Wealth Fund co-led the round with participation from the U.S.-Ukraine Reconstruction Investment Fund, Menlo Ventures, Xantium, Hiro Capital, Shield Capital, Ballistic Ventures, Lakestar, and Squadra.
Company Operations
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.
Production Expansion
The funding will support manufacturing expansion across the United States, Europe, Asia-Pacific and the Middle East to maintain supplies to Ukraine while developing manufacturing capacity closer to allied customers.
Key Products
Proceeds will also support research and development and increased production of MAGURA maritime platforms, NEMESIS aerial systems, LIUT ground vehicles and PREDATOR turret families.
The headline
UForce raised $700 million in Series A financing at $6 billion valuation to expand production of autonomous defense systems for Ukraine and allied countries.
