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Ukraine's UFORCE Raises $700 Million at $6 Billion Valuation

UFORCE raised $700 million at a $6 billion valuation to scale drone manufacturing across the US, Europe, Asia-Pacific and the Middle East.

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E-29 / K7
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November 13, 2026
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Amara Osei
Ukrainian Drone Company UFORCE Raises $700 Million to Expand Defense Manufacturing Worldwide
Fig. E-29 / K7Ukrainian Drone Company UFORCE Raises $700 Million to Expand Defense Manufacturing Worldwide — EqualStock / unsplash

Field notes

  1. UFORCE raised $700 million in a Series A at a $6 billion valuation, announced November 12.
  2. Valor Equity Partners and the UK's National Wealth Fund co-led the round.
  3. NEMESIS drones have completed over 300,000 combat flights across 100+ Ukrainian units, per company figures.
  4. Retired General Christopher G. Cavoli, former NATO Supreme Allied Commander Europe, joins the board.
  5. Manufacturing expansion targets the US, Europe, Asia-Pacific and the Middle East.

UFORCE has raised $700 million in a Series A round at a $6 billion valuation, one of the largest private financings on record for a defense technology company founded in Ukraine. The company announced the round on November 12 from its London headquarters, with major operations in Kyiv and Washington, D.C.

Valor Equity Partners and the United Kingdom's National Wealth Fund co-led the investment. The U.S.-Ukraine Reconstruction Investment Fund, Menlo Ventures, Xantium and Hiro Capital also participated. The capital will fund expanded production of drones and autonomous defense systems (vehicles that operate without a human onboard) for Ukraine and allied nations.

CEO Oleg Rogynskyy framed the round as a scaling decision, not merely a capital event. "This investment will help us scale production for Ukraine and bring to allies solutions they can field, integrate and sustain at the speed of modern combat," he said.

What does the money buy?

The company plans three deployments of capital: increased production, expanded research and development, and manufacturing operations located closer to international customers. The geography is explicit — the United States, Europe, Asia-Pacific and the Middle East.

UFORCE says distributed manufacturing serves two purposes. It keeps output flowing despite continued attacks on Ukrainian infrastructure, and it lets allied nations build domestic capacity for autonomous defense systems. In the United States, UFORCE recently announced a partnership with ReconCraft to expand production of MAGURA uncrewed surface vessels. The company also plans to adapt existing maritime and automotive production facilities in allied countries for defense equipment.

Two investors attached specific mandates to their commitments. The U.S.-Ukraine Reconstruction Investment Fund will support UFORCE's Ukrainian operations, including staffing, research and new product development. The UK's National Wealth Fund is backing an expansion of British manufacturing and engineering operations.

What does the combat record show?

UFORCE builds autonomous systems for air, land and sea, alongside artificial intelligence and command-and-control software. Its portfolio contains four product lines:

  • NEMESIS — heavy strike drones used by Ukrainian forces for reusable bombing missions and one-way attacks.
  • MAGURA — uncrewed surface vessels used in maritime combat in the Black Sea.
  • LIUT — ground robotic systems for military operations.
  • PREDATOR — counter-drone turret systems defending against aerial threats.

The operational numbers are substantial. According to UFORCE, NEMESIS aerial systems have completed more than 300,000 combat flights and serve more than 100 Ukrainian military units. The company also reports that MAGURA maritime drones have contributed to the destruction of more than a dozen Russian warships. These figures are company-reported and have not been independently verified.

Who is joining the board?

Retired U.S. Army General Christopher G. Cavoli, former Supreme Allied Commander Europe for NATO, will join UFORCE's board of directors. Cavoli is also a partner at Valor Equity Partners, one of the round's lead investors.

"Ukraine has shown the world how quickly battlefield innovation can move when engineers work side by side with the people who rely on their systems," Cavoli said. He added that UFORCE applies that experience to develop both autonomous platforms and the operational expertise needed to deploy them.

Why does this round matter now?

The financing arrives as the United States and European allies push to expand domestic drone production and strengthen defense supply chains. Investor interest in autonomous systems developed and tested during the war in Ukraine has grown alongside that policy shift.

For UFORCE, the $700 million marks a step change: from battlefield-tested systems to products manufactured and supported across multiple allied countries. The company's stated logic is that hardware proven under combat conditions, paired with local production, gives allies fieldable capability at what Rogynskyy calls the speed of modern combat.

via dronelife.com (Source)

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Market editor covering people, launches and day-to-day practice in corporate strategy and chief-executive leadership at CEO Frontier.

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End of sheetE-29 / K7 · November 13, 2026