Defense-tech company UFORCE, founded by Ukrainians and known for developing Magura maritime drones, has raised $700m in a new investment round. Following the deal, the company's valuation was estimated at $6bn.
UFORCE itself announced the completion of the funding round on 12 November. One of the key investors was the UK state National Wealth Fund.
The investment round was co-led by the British fund and American Valor Equity Partners. The American-Ukrainian Reconstruction Investment Fund also joined, with other participants including Menlo Ventures, Xantium and Hiro Capital.
The announced $700m is the total amount of funding raised, not the UK contribution. The company did not disclose the size of individual investments by each participant.
UFORCE plans to use the funds to increase production of unmanned systems in Ukraine and partner countries, develop new models and expand international presence. In particular, the funding will be directed to the development of Magura maritime drones, Nemesis strike drones, Liut ground robotic systems and Predator counter-drone systems.
The participation of the American-Ukrainian Reconstruction Investment Fund will be of particular importance for Ukraine. Its contribution is planned to be directed to UFORCE's Ukrainian operations, including research, development of new products and personnel support.
The company is headquartered in London, with offices in Kyiv and Washington. It unites Ukrainian defense developments tested during the war and works on scaling them for Ukraine and allied armies.
Earlier, in March 2026, UFORCE raised $50m at a valuation of over $1bn. In September, Bloomberg reported on negotiations for the next funding round, and in late October, Financial Times wrote about the intentions of the British sovereign fund to invest in the company.
The current deal confirmed UFORCE's new valuation and provided the company with capital for further expansion of production. At the same time, the $6bn valuation reflects the worth of the business determined within the investment round, not the amount of funds received.
