UForce Raises $700 Million in Series A Funding

✦ Meridian Analysis

UForce, the Ukraine‑founded developer of autonomous uncrewed platforms, has closed a $700 million Series A round that values the company at $6 billion post‑money. The round was led by Valor Equity Partners, with participation from the U.K. National Wealth Fund and a group of venture investors that includes Menlo Ventures, Xantium, Hiro Capital, Shield Capital, Ballistic Ventures, Lakestar and Squadra. UForce CEO Oleg Rogynskyy told Axios, “Europe and the U.S. can only spend around 20% of what's been allocated because there isn't enough supply yet, and I don't think they're going to return to legacy systems,” adding that the market is not a winner‑take‑all scenario. The round reflects a short‑term bet on the persistence of the Ukraine‑Russia war and a long‑term bet on Europe continuing to increase its defence‑tech spend. What remains undisclosed are the specific terms of the sovereign‑wealth commitment, any secondary component to the raise and whether the National Wealth Fund’s participation is tied to job creation or manufacturing localisation.

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