London-based defense technology firm UForce has secured $700 million in a Series A funding round, driving its post-money valuation to $6 billion.
The capital injection, co-led by the UK’s National Wealth Fund and Valor Equity Partners, will facilitate expanded production of autonomous air, sea, and land systems for Ukraine and allied nations.
- Valuation Surge: The company reached a $6 billion valuation, up from the $1 billion benchmark reported in March, according to CNBC.
- Government Integration: The UK’s National Wealth Fund contributed £113 million to the round, mandating that over 70% of the components for UK-built vessels be sourced from domestic suppliers, as reported by GOV.UK.
- Operational Scaling: CEO Oleg Rogynskyy said that company bookings have more than doubled over the past 12 months, providing the financial justification for the current valuation.
The $700 million capital raise is earmarked for scaling manufacturing capabilities across Ukraine, the United States, and broader NATO territories. Unlike traditional defense contractors, UForce utilizes a rapid feedback loop derived from active combat conditions in Ukraine to iterate on its autonomous platforms.
“Europe and the U.S. can only spend around 20% of what’s been allocated because there isn’t enough supply yet, and I don’t think they’re going to return to legacy systems,” Rogynskyy told Axios. The firm maintains that its autonomous systems offer a cost-effective alternative to conventional military assets, such as crewed tanks or fighter jets.
| Metric | March 2026 | November 2026 |
|---|---|---|
| Funding Raised | $50 million | $700 million |
| Post-Money Valuation | $1 billion | $6 billion |
| Lead Investors | Not Disclosed | National Wealth Fund, Valor Equity Partners |
During a defense conference in Oslo, UK Defence Secretary Wes Streeting piloted a UForce MV7 uncrewed maritime vessel located 1,500 miles away in the Atlantic Ocean.
“Ukraine is rewriting the rules of warfare,” Streeting said, according to The Guardian. “In just a few years the UK has gone from training Ukraine to being trained by Ukraine.”
The funding round includes participation from a diverse pool of investors, including Menlo Ventures, Xantium, Hiro Capital, and existing backers such as Shield Capital and Lakestar. Rogynskyy said that the current market demand for autonomous systems is sufficient to support multiple providers, characterizing the sector as a cooperative environment rather than a winner-take-all market.
The company maintains that its primary commitment remains the fulfillment of Ukrainian military requirements before supplying international markets. The firm is expanding its production of autonomous systems for Ukraine and allied countries while establishing hubs in London, Kyiv, and Washington.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
