Accessibility Statement Skip Navigation
  • Resources
  • Investor Relations
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
Search
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.

News Releases

view all
    • News in Focus
        • Browse News Releases

        • All Public Company News
        • All Multimedia News
        • View All News Releases

        • Regulatory News

        • D/A/CH Regulatory News
        • UK Regulatory News
        • View All Regulatory News

    • Business & Money
        • Auto & Transportation

        • Aerospace & Defense
        • Air Freight
        • Airlines & Aviation
        • Automotive
        • Maritime & Shipbuilding
        • Railroads & Intermodal Transportation
        • Supply Chain/Logistics
        • Transportation, Trucking & Railroad
        • Travel
        • Trucking & Road Transportation
        • View All Auto & Transportation

        • Business Technology

        • Blockchain
        • Broadcast Tech
        • Computer & Electronics
        • Computer Hardware
        • Computer Software
        • Data Analytics
        • Electronic Commerce
        • Electronic Components
        • Electronic Design Automation
        • Financial Technology
        • High Tech Security
        • Internet Technology
        • Nanotechnology
        • Networks
        • Peripherals
        • Semiconductors
        • View All Business Technology

        • Entertain­ment & Media

        • Advertising
        • Art
        • Books
        • Entertainment
        • Film & Motion Picture
        • Magazines
        • Music
        • Publishing & Information Services
        • Radio & Podcast
        • Television
        • View All Entertain­ment & Media

        • Financial Services & Investing

        • Accounting News & Issues
        • Acquisitions, Mergers & Takeovers
        • Banking & Financial Services
        • Bankruptcy
        • Bond & Stock Ratings
        • Conference Call Announcements
        • Contracts
        • Cryptocurrency
        • Dividends
        • Earnings
        • Earnings Forecasts & Projections
        • Financing Agreements
        • Insurance
        • Investments Opinions
        • Joint Ventures
        • Mutual Funds
        • Private Placement
        • Real Estate
        • Restructuring & Recapitalisation
        • Sales Reports
        • Shareholder Activism
        • Shareholder Meetings
        • Stock Offering
        • Stock Split
        • Venture Capital
        • View All Financial Services & Investing

        • General Business

        • Awards
        • Commercial Real Estate
        • Corporate Expansion
        • Earnings
        • Environmental, Social and Governance (ESG)
        • Human Resource & Workforce Management
        • Licensing
        • New Products & Services
        • Obituaries
        • Outsourcing Businesses
        • Overseas Real Estate (non-US)
        • Personnel Announcements
        • Real Estate Transactions
        • Residential Real Estate
        • Small Business Services
        • Socially Responsible Investing
        • Surveys, Polls & Research
        • Trade Show News
        • View All General Business

    • Science & Tech
        • Consumer Technology

        • Artificial Intelligence
        • Blockchain
        • Cloud Computing/Internet of Things
        • Computer Electronics
        • Computer Hardware
        • Computer Software
        • Consumer Electronics
        • Cryptocurrency
        • Data Analytics
        • Electronic Commerce
        • Electronic Gaming
        • Financial Technology
        • Mobile Entertainment
        • Multimedia & Internet
        • Peripherals
        • Social Media
        • STEM (Science, Tech, Engineering, Math)
        • Supply Chain/Logistics
        • Wireless Communications
        • View All Consumer Technology

        • Energy & Natural Resources

        • Alternative Energies
        • Chemical
        • Electrical Utilities
        • Gas
        • General Manufacturing
        • Mining
        • Mining & Metals
        • Oil & Energy
        • Oil & Gas Discoveries
        • Utilities
        • Water Utilities
        • View All Energy & Natural Resources

        • Environ­ment

        • Conservation & Recycling
        • Environmental Issues
        • Environmental Policy
        • Environmental Products & Services
        • Green Technology
        • Natural Disasters
        • View All Environ­ment

        • Heavy Industry & Manufacturing

        • Aerospace & Defence
        • Agriculture
        • Chemical
        • Construction & Building
        • General Manufacturing
        • HVAC (Heating, Ventilation & Air-Conditioning)
        • Machinery
        • Machine Tools, Metalworking & Metallurgy
        • Mining
        • Mining & Metals
        • Paper, Forest Products & Containers
        • Precious Metals
        • Textiles
        • Tobacco
        • View All Heavy Industry & Manufacturing

        • Telecomm­unications

        • Carriers & Services
        • Mobile Entertainment
        • Networks
        • Peripherals
        • Telecommunications Equipment
        • Telecommunications Industry
        • VoIP (Voice over Internet Protocol)
        • Wireless Communications
        • View All Telecomm­unications

    • Lifestyle & Health
        • Consumer Products & Retail

        • Animals & Pets
        • Beers, Wines & Spirits
        • Beverages
        • Bridal Services
        • Cannabis
        • Cosmetics & Personal Care
        • Fashion
        • Food & Beverages
        • Furniture & Furnishings
        • Home Improvement
        • Household, Consumer & Cosmetics
        • Household Products
        • Jewellery
        • Non-Alcoholic Beverages
        • Office Products
        • Organic Food
        • Product Recalls
        • Restaurants
        • Retail
        • Supermarkets
        • Toys
        • View All Consumer Products & Retail

        • Entertain­ment & Media

        • Advertising
        • Art
        • Books
        • Entertainment
        • Film & Motion Picture
        • Magazines
        • Music
        • Publishing & Information Services
        • Radio & Podcast
        • Television
        • View All Entertain­ment & Media

        • Health

        • Biometrics
        • Biotechnology
        • Clinical Trials & Medical Discoveries
        • Dentistry
        • FDA Approval
        • Fitness/Wellness
        • Health Care & Hospitals
        • Health Insurance
        • Infection Control
        • International Medical Approval
        • Medical Equipment
        • Medical Pharmaceuticals
        • Mental Health
        • Pharmaceuticals
        • Supplementary Medicine
        • View All Health

        • Sports

        • General Sports
        • Outdoors, Camping & Hiking
        • Sporting Events
        • Sports Equipment & Accessories
        • View All Sports

        • Travel

        • Amusement Parks & Tourist Attractions
        • Gambling & Casinos
        • Hotels & Resorts
        • Leisure & Tourism
        • Outdoors, Camping & Hiking
        • Passenger Aviation
        • Travel Industry
        • View All Travel

    • Policy & Public Interest
        • Policy & Public Interest

        • Animal Welfare
        • Corporate Social Responsibility
        • Economic News, Trends & Analysis
        • Education
        • Environmental
        • European Government
        • Labour & Union
        • Natural Disasters
        • Not For Profit
        • Public Safety
        • View All Policy & Public Interest

    • People & Culture
        • People & Culture

        • Aboriginal, First Nations & Native American
        • African American
        • Asian American
        • Children
        • Diversity, Equity & Inclusion
        • Hispanic
        • Lesbian, Gay & Bisexual
        • Men's Interest
        • People with Disabilities
        • Religion
        • Senior Citizens
        • Veterans
        • Women
        • View All People & Culture

    • Explore Our Platform
    • Plan Campaigns
    • Create with AI
    • Distribute Press Releases
    • Report Results
    • Amplify Content
    • All Products
    • General Enquiries
    • Media Enquiries
    • Partnerships
    • Hamburger menu
    • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
    • Send a Release
      • Phone

      • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

      • ALL CONTACT INFO
      • Contact Us

        +44 (0)20 7454 5110
        from 8 AM - 5:30 PM GMT

    • Searching for your content...

      No results found. Please change your search terms and try again.

      News Releases

      view all
      Close menu
    • News
    • Products
    • Contact
      • Client Login
      • Send a Release
      • Resources
      • Journalists
      • 2 News in Focus
      • 5 Business & Money
      • 5 Science & Tech
      • 5 Lifestyle & Health
      • 1 Policy & Public Interest
      • 1 People & Culture
      • Client Login
      • Send a Release
      • Resources
      • Journalists
      • Explore Our Platform
      • Plan Campaigns
      • Create with AI
      • Distribute Press Releases
      • Report Results
      • Amplify Content
      • All Products
      • Client Login
      • Send a Release
      • Resources
      • Journalists
      • General Enquiries
      • Media Enquiries
      • Partnerships
      • Client Login
      • Send a Release
      • Resources
      • Journalists
      Close submenu (News in Focus) News in Focus
      • Browse News Releases
      • Regulatory News
      Close submenu (Business & Money) Business & Money
      • Auto & Transportation
      • Business Technology
      • Entertain­ment & Media
      • Financial Services & Investing
      • General Business
      Close submenu (Science & Tech) Science & Tech
      • Consumer Technology
      • Energy & Natural Resources
      • Environ­ment
      • Heavy Industry & Manufacturing
      • Telecomm­unications
      Close submenu (Lifestyle & Health) Lifestyle & Health
      • Consumer Products & Retail
      • Entertain­ment & Media
      • Health
      • Sports
      • Travel
      Close submenu (Policy & Public Interest) Policy & Public Interest
      • Policy & Public Interest
      Close submenu (People & Culture) People & Culture
      • People & Culture

      UFORCE raises $700M at $6 billion valuation from Leading Tech and Sovereign Wealth Funds to scale combat-proven defence systems for Ukraine and Allied Nations

      This image opens in the lightbox

      News provided by

      UFORCE

      12 Nov, 2026, 09:00 GMT

      Share this article

      Share this article


      • UFORCE raises $700 million at a $6 billion valuation, co-led by Valor Equity Partners and the UK National Wealth Fund, and with participation from the U.S.-Ukraine Reconstruction Investment Fund.
      • The investment supports continuous manufacturing in Ukraine and allied nations to supply front-line troops, while scaling partnerships and strengthening defence capabilities globally.
      • Amid escalating security threats, UFORCE provides cost-effective combat-proven autonomous platforms that are ready now, to equip allied nations across the U.S., Europe, Asia-Pacific and Middle East.
      • General (Ret.) Christopher G. Cavoli, former NATO Supreme Allied Commander Europe and Partner at Valor Equity Partners, joins the UFORCE board.

      LONDON and KYIV, Ukraine and WASHINGTON, Nov. 12, 2026 /PRNewswire/ -- UFORCE, a defence-technology company founded in Ukraine and headquartered in London, with major hubs in Kyiv and Washington, DC, today announced a $700 million Series A financing round at a valuation of $6 billion.

      UFORCE builds autonomous uncrewed platforms across sea, land and air, and the AI software, orchestration, and command-and-control (C2) layer that operates them. Its goal is to make defence a hundred times cheaper than offensive operations.

      Continue Reading
      This image opens in the lightbox
      UFORCE MAGURA MV7.3 + NEMESIS SEASTRIKE Aerial

      The funding round was co-led by Valor Equity Partners (Valor) and the UK National Wealth Fund (NWF), with participation from the U.S.–Ukraine Reconstruction Investment Fund (URIF). URIF's investment will support UFORCE's operations in Ukraine, including staffing, research and development, and new product development. The round also drew leading investors from across Silicon Valley, Europe, and Asia, including Menlo Ventures, Xantium, and Hiro Capital. Existing investors, including Shield Capital, Ballistic Ventures, Lakestar, and Squadra, also increased their stakes in UFORCE.

      Oleg Rogynskyy, Chief Executive Officer of UFORCE, said: "The war in Ukraine has shown that in an increasingly volatile world, effective defence requires systems that can keep improving as threats change. Governments and the technology ecosystem need to come together to develop cost-effective, interoperable, and autonomous platforms that are ready to fight now, and can evolve to meet future needs. They are doing that by investing in UFORCE. 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. UFORCE and our investors are united in our determination to make aggression unaffordable."

      From the Ukrainian Front Line to the Global Production Line

      The funding round will empower UFORCE to expand and distribute its production capacity across the US, Europe, Asia-Pacific and the Middle East, manufacturing its platforms close to the theaters where they are needed while helping allied nations expand their sovereign manufacturing capabilities.

      This distributed capacity will enable UFORCE to maintain continuous production and supply front-line troops with uncrewed systems despite continued attacks in Ukraine, while bringing advanced capabilities to the battlefield. The newly raised capital will also support expanded R&D and increased production of the MAGURA USV, NEMESIS UAV, LIUT UGV and PREDATOR turret families.

      UFORCE will continue to work with partners in allied nations, including for example converting existing maritime and automotive manufacturing capacity to support defense needs. It recently announced a partnership with ReconCraft to scale U.S. manufacturing of MAGURA USVs, giving global markets access to combat-proven maritime capabilities. The round also lets UFORCE deepen its role as a founding member of the EU-Ukraine Drone Alliance, and build on the partnerships it has developed within NATO and the Joint Expeditionary Force (JEF) networks.

      Global Investors Back UFORCE to Strengthen Allied Security

      General (Ret.) Christopher G. Cavoli, former NATO Supreme Allied Commander Europe and Partner at Valor Equity Partners: "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. UFORCE turns that hard-won frontline experience into both unmanned systems and the operational know-how to use them effectively. I'm proud to join the board and look forward to supporting the team as it strengthens Ukraine's defense and that of its allies."

      Conor Coleman, Head of Investments of the U.S. International Development Finance Corporation on Behalf of the U.S.-Ukraine Reconstruction Investment Fund, said: "This deal is URIF's largest investment in the emerging technology sector to date and a significant step toward mobilizing investment that strengthens Ukraine's economic fortitude, reinforces its security, and accelerates its long-term recovery. UFORCE reflects the kind of bold, innovative Ukrainian company URIF is built to support, one helping turn Ukraine's resilience and ingenuity into lasting economic and strategic strength for the United States, Ukraine, and our allies."

      On 12 November, aboard the aircraft carrier HMS Prince of Wales in Norway, UK Defence Secretary Wes Streeting MP piloted a UFORCE MV7 uncrewed surface vessel from the MAGURA family, located more than 1,500 miles away in the Atlantic Ocean near Portugal. He was joined by National Wealth Fund Chief Executive Oliver Holbourn and UFORCE Chief Executive Oleg Rogynskyy.

      Defence Secretary Wes Streeting MP said: "The technology being developed in Ukraine is changing warfare before our eyes, and Britain and its allies must move just as quickly. The National Wealth Fund's investment brings battle-tested expertise to the UK, creating high-skilled jobs and strengthening the defence industry we need to keep Britain and our partners secure."

      Chancellor of the Exchequer, John Healey MP, said: "Bringing battle-tested Ukrainian technology to Britain will mean more high-skilled jobs, new investment and a stronger British Armed Forces.

      "This is exactly what the National Wealth Fund was set up to do – an investment that will strengthen both our economic and national security, while putting the UK at the forefront of the next generation of defence technology."

      Oliver Holbourn, Chief Executive Officer of the National Wealth Fund, said: "Today's investment is a testament both to the special relationship between the UK and Ukraine and to the strength of Ukrainian innovation. Through the National Wealth Fund's support, UFORCE is expanding the production, engineering and application of its combat-tested autonomous systems, with British and Ukrainian teams working side by side. Together, we will create high-skilled jobs, strengthen supply chains and build a long-term partnership in technologies vital to the security and resilience of both our nations."

      Media Inquiries:

      media-inquiries@uforce.com 

      KekstCNC-UFORCE@kekstcnc.com

      ABOUT UFORCE

      Founded in Ukraine and headquartered in London, with major hubs in Kyiv and Washington, DC, UFORCE is a defence-technology company. It has operations across Europe, the United States and Asia. UFORCE builds uncrewed platforms for air, land and sea, AI software, as well as command-and-control (C2) layer that operates them. Its products include the MAGURA family of uncrewed surface vessels, the NEMESIS family of strike platforms, the LIUT family of ground robotic platforms, PREDATOR turret family counter-UAS systems, and C2, the software to control them. The MAGURA Unmanned Surface Vessel (USV) family has contributed to the destruction of more than a dozen Russian warships in the Black Sea and has shot down multiple helicopters and fighter aircraft in combat. The Ukrainian armed forces have used MAGURAs as a mobile maritime base for multi-domain operations, launching NEMESIS UAVs for long-range strikes against targets like air defence systems. NEMESIS Class 1 heavy strike UAV platforms, both multi-use and one-way attack, are among the most widely deployed bombers and strike UAVs on the Ukrainian battlefield, with more than 300,000 combat flights and adopted across 100+ units.

      More information: uforce.com 

      ABOUT VALOR EQUITY PARTNERS

      Valor Equity Partners is an operational growth investment firm focused on investing in high-growth companies across various stages of development. For decades, Valor has served its companies with unique expertise to solve the challenges of growth and scale. Valor partners with leading companies and entrepreneurs who are committed to the highest standards of excellence and the courage to transform their industries.

      More information: valorep.com

      ABOUT THE NATIONAL WEALTH FUND

      The National Wealth Fund is a UK-backed public finance institution charged with deploying capital at scale, driving investment to support the Government's growth and clean energy ambitions, while bolstering the UK's security and resilience. Its investments aim to generate a return for the taxpayer and crowd in private capital in support of these missions. The Fund is based in Leeds and has £43.2 billion of finance to deploy. It has a team of investment professionals with expertise to invest across the capital structure, including loans, equity investments and guarantees. The Fund also provides commercial and financial advisory services and market leading lending to local authorities across the UK. The Fund is wholly owned by HM Treasury but is operationally independent from the government.

      More information: nationalwealthfund.org.uk

      ABOUT URIF

      The US-Ukraine Reconstruction Investment Fund is a joint US-Ukraine investment fund established to mobilize capital and attract investment into Ukraine's reconstruction, economic development and strategic sectors. The fund focuses, among other things, on projects that contribute to Ukraine's recovery, strengthen supply chains, and support the shared economic security and prosperity of Ukraine and the United States.

      More information: urifinvest.com

      Modal title

      Contact PR Newswire

      • +44 (0)20 7454 5110
        from 8 AM - 5:30 PM GMT
      • General Enquiries
      • Media Enquiries
      • Partnerships

      Products

      • Explore Our Platform
      • Plan Campaigns
      • Create with AI
      • Distribute Press Releases
      • Report Results
      • Amplify Content

      About

      • About PR Newswire
      • About Cision
      • Careers
      • Accessibility Statement
      • APAC
      • APAC - Simplified Chinese
      • APAC - Traditional Chinese
      • Brazil
      • Canada
      • Czech
      • Denmark
      • Finland
      • France
      • Germany
      • India
      • Indonesia
      • Israel
      • Japan
      • Korea
      • Mexico
      • Middle East
      • Middle East - Arabic
      • Netherlands
      • Norway
      • Poland
      • Portugal
      • Russia
      • Slovakia
      • Spain
      • Sweden
      • United States
      • Vietnam

      My Services

      • All News Releases
      • PR Newswire Amplify™
      • Resources
      • Journalists
      • Data Privacy

      Do not sell or share my personal information:

      • Submit via Privacy@cision.com 
      • Call Privacy toll-free: 877-297-8921

      Contact PR Newswire

      Products

      About

      My Services
      • All News Releases
      • Customer Portal
      • Resources
      • Journalists
      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT
      • Terms of Use
      • Privacy Policy
      • Information Security Policy
      • Site Map
      • RSS
      • Cookie Settings
      Copyright © 2026 PR Newswire Europe Limited. All Rights Reserved. A Cision company.