UFORCE Raises $700 Million at $6 Billion Valuation

Ukrainian defense firm UFORCE secured a $700 million funding round on Thursday, setting its valuation at $6 billion. The capital injection represents a six-fold increase from the company's March round, where it raised $50 million at a $1 billion valuation. Investors are backing the firm's autonomous systems, which have seen extensive use in active combat zones.

Valor Equity Partners and the United Kingdom's National Wealth Fund co-led the Series A financing. Participants also included investors from Silicon Valley, Europe, and Asia. UFORCE manufactures unmanned aerial, maritime, and land systems, alongside artificial intelligence software that coordinates these assets. The company intends to use the new capital to scale production in Ukraine and allied regions, including the United States, Europe, Asia-Pacific, and the Middle East.

Chief Executive Officer Oleg Rogynskyy stated that UFORCE more than doubled its bookings over the past year. He declined to share exact revenue figures but noted that the company started from a base of several hundred million dollars. Rogynskyy argued that the current valuation is conservative relative to the firm's financial performance. He mentioned that UFORCE received offers at higher price points from other potential investors but selected this round due to the specific investor group.

The funding aligns with a wider trend in the defense sector. According to a report by Dealroom and Resilience Media, startups in NATO and allied countries raised $27.1 billion through September. This total is nearly double the amount raised for the entirety of 2025. Rogynskyy claimed that UFORCE has produced ten times as many unmanned surface vessels as its main competitors, a comparison that CNBC could not independently verify. The company is working to increase manufacturing capacity to meet this growing demand.

UFORCE reports that its NEMESIS drones have completed over 300,000 combat flights. Its MAGURA naval vessels have contributed to the destruction of more than a dozen Russian warships in the Black Sea. The firm is currently working with several NATO countries, though Rogynskyy did not name specific customers. He emphasized that UFORCE prioritizes the Ukrainian military's needs before expanding exports, ensuring domestic requirements are met first.

Rogynskyy attributed the firm's rapid development to real-time feedback from military personnel. He stated that Ukrainian defense technology companies innovate faster than traditional Western defense primes. The company argues that deploying inexpensive autonomous systems offers a more cost-effective defense strategy than relying on expensive conventional weapons. Rogynskyy predicted that autonomous systems will gradually replace much of the military hardware currently operated by humans, though he acknowledged that assets like F-35 fighter jets will remain important in the near term.