UFORCE raises $700 million at $6 billion valuation for Ukrainian drones
Overview
Ukrainian defense technology company UFORCE has raised $700 million in a Series A round valuing it at $6 billion, co-led by Valor Equity Partners and the U.K.'s National Wealth Fund, the company announced.
CEO Oleg Rogynskyy says bookings have more than doubled over the past year, but the company did not disclose exact figures.
UFORCE plans to use the funding to scale manufacturing in Ukraine and allied countries. It says its NEMESIS drones have completed more than 300,000 combat flights.
Written by AI from the articles below · updated Nov 12, 5:03 AM ET
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- CNBC · TechnologyNewsUFORCE raises $700 million at a $6 billion valuation for battle-tested drones
AIUkrainian defense technology company UFORCE has raised $700 million in a Series A round valuing it at $6 billion, co-led by Valor Equity Partners and the U.K.'s National Wealth Fund. CEO Oleg Rogynskyy says bookings have more than doubled over the past year, though the company did not disclose exact figures. The company plans to use the funding to scale manufacturing in Ukraine and allied countries, and says its NEMESIS drones have completed more than 300,000 combat flights.
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