Uforce Secures $700 Million Funding with Participation from the UK National Wealth Fund

The UK National Wealth Fund has participated in a $700 million funding round for the drone startup Uforce, marking the fund's largest investment in the defense sector. Uforce, founded in Ukraine, is a merger of several companies that develop drones, unmanned vessels, and anti-drone systems. In this funding round, the UK National Wealth Fund invested $150 million, bringing the valuation of Uforce, headquartered in London, to $6 billion, making it the highest-valued defense startup in the UK. Uforce CEO Oleg Rogynskyy stated that the new funds will be used to expand production facilities in Ukraine and research and development centers in the UK, US, and Germany.

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