Theguardian UFORCE Drone Maker Valuation Surges Amid Increased Military Demand
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- •UFORCE achieved a $6 billion valuation after raising $700 million in funding.
- •The company plans to scale production for military drones in Ukraine and allied nations.
- •UFORCE's drones have completed over 300,000 combat flights, demonstrating their battlefield effectiveness.
Ukrainian defense technology company UFORCE has raised $700 million, achieving a $6 billion valuation. The funding round, co-led by Valor Equity Partners and the U.K.'s National Wealth Fund, reflects growing investor interest in military drones, particularly those used in the ongoing war in Ukraine. UFORCE's CEO Oleg Rogynskyy noted that bookings have more than doubled over the past year, driven by demand for autonomous weapons systems. The company plans to scale manufacturing in Ukraine and allied countries, including the U.S. and Europe. UFORCE's drones have reportedly completed over 300,000 combat flights, showcasing their effectiveness in modern warfare. The investment will also support the development of a British supply chain for its products, emphasizing the UK's commitment to enhancing defense capabilities against threats from Russia.
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