UFORCE raises $700 million Series A at $6 billion valuation, co-led by Valor Equity Partners and the UK National Wealth Fund

UFORCE, a defence-technology company founded in Ukraine and headquartered in London, raised a $700 million Series A at a $6 billion valuation, the company announced on Thursday, Nov. 12, 2026. Valor Equity Partners and the UK National Wealth Fund co-led the round, and the U.S.-Ukraine Reconstruction Investment Fund took part. The National Wealth Fund said its share is £113 million ($150 million), its largest defence investment to date.

Source: UFORCE press release via PR Newswire: UFORCE raises $700M at $6 billion valuation from Leading Tech and Sovereign Wealth Funds (Nov. 12, 2026)

Menlo Ventures, Xantium and Hiro Capital joined, and existing backers Shield Capital, Ballistic Ventures, Lakestar and Squadra increased their stakes. Retired Gen. Christopher Cavoli, a former NATO Supreme Allied Commander Europe and now a Valor partner, joins the board. UFORCE builds uncrewed boats, aerial drones, ground robots and turrets, plus the software that controls them. It did not disclose revenue.

Servospace take: state capital is now buying equity in autonomous defence hardware

Servospace analysis: the notable money here is public. Britain's National Wealth Fund, a public finance institution wholly owned by HM Treasury, put £113 million ($150 million) into a co-lead position, by Servospace math about 21% of the round. The U.S.-Ukraine Reconstruction Investment Fund, which Conor Coleman of the U.S. International Development Finance Corporation, speaking on behalf of URIF, described in the release as URIF's largest investment in the emerging technology sector to date, did not disclose its amount. The fund also says UFORCE will build MAGURA boats and NEMESIS systems in Britain, with more than 70% of each UK-built MV-series boat sourced from British suppliers, and hire hundreds of people.

Who makes money: the sources describe this as growth capital, not a payout. Forbes Ukraine, citing the company, says founders take no payouts or dividends and sell no shares in the round, and that a significant block of stock is reserved for employees, size undisclosed. The value jump is steep. UFORCE raised $50 million at a valuation of about $1 billion in March, CNBC reported (Forbes Ukraine says more than $1 billion), so by Servospace math the valuation is about six times higher eight months later. In September, Bloomberg reported talks to raise about $500 million at about $5 billion; the final round came in larger on both counts.

The traction claims are the company's. UFORCE says NEMESIS drones have completed more than 300,000 combat flights, and its stated goal is to make defence "a hundred times cheaper" than offence. Rogynskyy told CNBC that bookings more than doubled over the past year from a base of several hundred million dollars, but declined to give exact figures. He also declined to name customers or how much production goes to Ukraine versus export, CNBC reported. Planned U.S. production of MAGURA boats is covered by a July memorandum of understanding with Oregon boatbuilder ReconCraft, not yet a disclosed contract. Forbes Ukraine calls this the largest round in Ukrainian startup history. Earlier Thursday, Munich's SE3 raised $30 million led by Accel for drone autonomy software, a much smaller bet on the same market.

Sources

• UFORCE press release via PR Newswire: UFORCE raises $700M at $6 billion valuation from Leading Tech and Sovereign Wealth Funds (Nov. 12, 2026)
• National Wealth Fund: National Wealth Fund backs UFORCE to strengthen UK defence capability (Nov. 12, 2026)
• CNBC: Ukrainian defense tech startup hits $6 billion valuation as investors bet on battle-tested drones (Nov. 12, 2026)
• Forbes Ukraine: UForce raised $700 million at a $6 billion valuation, the largest round in Ukrainian startup history (Nov. 12, 2026, Russian)
• Bloomberg: Dronemaker UForce In Talks For Around $5 Billion Value In Valor Equity-Led Raise (Sept. 7, 2026, paywalled)
• UFORCE press release via PR Newswire: UFORCE partners with RECONCRAFT to build MAGURA autonomous maritime drones in the U.S. (July 21, 2026)

New to robots? Read our guide: How robots work: a beginner's guide.

Summarized by Servospace from the sources above, drafted with AI help and checked against those sources before publishing. Claims are the companies' or outlets' unless we say otherwise. How we work.