Drone startup Uforce reaches $6 billion valuation in $700 million round backed by UK National Wealth Fund
Drone maker Uforce has raised $700 million at a $6 billion valuation in a financing round co-led by the UK National Wealth Fund, making it the United Kingdom's most valuable defense startup.
London-based defense technology company Uforce has raised $700 million in a Series A funding round that values the company at $6 billion, according to reports from Bloomberg, CNBC, and Tech Funding News. The round was co-led by the UK National Wealth Fund alongside Valor Equity, marking the British sovereign vehicle's largest defense investment to date with a reported $150 million commitment. Market intelligence outlet AGTP reported that the new valuation establishes Uforce as the UK's most valuable defense startup.[1][3][4][5][6][7][8]
Uforce was initially formed in Ukraine and develops unmanned aerial, maritime, and land systems, along with artificial intelligence software used to coordinate autonomous vehicles. CNBC reported that investor appetite has surged around autonomous weapons systems tested directly on the Ukrainian battlefield. The startup previously raised $50 million at a valuation of around $1 billion in March.[1][2][5][6]
The funding round also included participation from the US-Ukraine Reconstruction Investment Fund, Menlo Ventures, Hiro Capital, and Tudor Investment Corporation's Xantium Group. Existing backers Shield Ventures, BV Adbolo, Lakestar, and Squadra also increased their stakes in the company.[3]
Key facts
- Uforce raised $700 million in a Series A financing round valuing the company at $6 billion.
- The UK National Wealth Fund co-led the round with a $150 million commitment, marking its largest defense investment to date.
- The valuation makes Uforce the most valuable defense startup in the United Kingdom, according to AGTP.
- Uforce, based in London and initially formed in Ukraine, builds unmanned aerial, maritime, and land vehicles as well as AI coordination software.
- Uforce previously raised $50 million at an estimated $1 billion valuation in March.
- Additional participants in the round included the US-Ukraine Reconstruction Investment Fund, Menlo Ventures, Hiro Capital, and Xantium Group, while existing investors Shield Ventures, BV Adbolo, Lakestar, and Squadra expanded their stakes.
Sources · 7 sources
- TE
TechmemeArticle ·
London-based Uforce, which makes unmanned air, sea, and land vehicles, raised $700M co-led by the UK National Wealth Fund and Valor Equity at a $6B valuation (Yazhou Sun/Bloomberg) Yazhou Sun / Bloomberg : London-based Uforce, which makes unmanned air, sea, and land vehicles, raised $700M co-led by the UK National Wealth Fund and Valor Equity at a $6B valuation — The UK National Wealth Fund made its largest defense investment as part of a $700 million financing round for Uforce, a drone startup initially formed in Ukraine.
Open source - CN
CNBC@CNBCPost on X ·
Ukrainian defense tech startup hits $6 billion valuation as investors bet on battle-tested drones https://t.co/nbqcRzvQh9
Open source - TF
Tech Funding News@TFNBreakingNewsPost on X ·
💰Uforce has raised $700 million in a Series A round at a $6 billion valuation. https://t.co/szlEOXzMEk The round was co-led by @EquityValueIn and the UK National Wealth Fund (NWF). The US-Ukraine Reconstruction Investment Fund (URIF) also took part. @MenloVentures, Xantium Group - Tudor Investment Corporation and Hiro Capital joined, and existing investors @ShieldVentures, @BV_Adbolo, @lakestarvc and Squadra increased their stakes. #defencetech #funding #uktech #london #innovation #investment #technology #startups
Open source - AG
AGTP@AGTPinsightsPost on X ·
BREAKING: Drone startup Uforce is now valued at $6B after a $700M round co-led by the UK National Wealth Fund, which put in $150M. That makes it the UK's most valuable defense startup. https://t.co/Q4FUFbJG0t
Open source - CN
CNBC@CNBCPost on X ·
Ukrainian defense technology company UFORCE has raised $700 million in a funding round valuing it at $6 billion, as investor interest grows in autonomous weapons systems tested on the battlefield in Ukraine. UFORCE, which develops unmanned aerial, maritime, and land systems as well as AI software used to coordinate them, raised $50 million at a valuation of around $1 billion in March. Read more: https://t.co/gb4MYTgVjT
Open source - BL
Bloomberg@businessPost on X ·
The UK National Wealth Fund made its largest defense investment as part of a $700 million financing round for Uforce, a drone startup initially formed in Ukraine https://t.co/kSXrN9JHMx
Open source - AX
Axios@axiosPost on X ·
Defense-tech group UForce valued at $6 billion https://t.co/pUGrpb3B5I
Open source - TE
Techmeme@TechmemePost on X ·
London-based Uforce, which makes unmanned air, sea, and land vehicles, raised $700M co-led by the UK National Wealth Fund and Valor Equity at a $6B valuation (@yazhous / Bloomberg) (Visit Techmeme dot com for the link and full context!)
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