UFORCE, a maker of autonomous uncrewed platforms across sea, land, and air, raised US$700 million in Series A funding. The round valued the company at US$6 billion. Valor Equity Partners and the UK National Wealth Fund co-led the financing.
Round participants
The round also drew Menlo Ventures, Xantium, and Hiro Capital. Existing investors Shield Capital, Ballistic Ventures, Lakestar, and Squadra increased their stakes. The U.S.-Ukraine Reconstruction Investment Fund will support operations in Ukraine, including staffing, research and development, and new product development.
Company profile
UFORCE was founded in Ukraine and is headquartered in London. It has major hubs in Kyiv and Washington, DC. General Christopher G. Cavoli, a former NATO Supreme Allied Commander Europe, has joined the company's board.
What UFORCE builds
UFORCE builds autonomous uncrewed platforms, plus AI software, orchestration, and command-and-control tools. The company aims to make defense 100 times cheaper than offensive operations. Its vehicle families include MAGURA USVs, NEMESIS UAVs, LIUT UGVs, and PREDATOR turrets.
UFORCE plans to expand production capacity across the U.S., Europe, Asia-Pacific, and the Middle East. It recently announced a partnership with ReconCraft to scale U.S. manufacturing of MAGURA USVs. The company will also deepen its work within NATO and the Joint Expeditionary Force networks.