A Ukrainian Drone Maker Has Been Improving in the Battlefield. Its Valuation Has Jumped Sixfold Amid Global Tensions.

A Ukrainian-founded defense technology company whose drones have been deployed against Russian forces has raised $700 million from international investors, sending its valuation to $6 billion as the war in Ukraine creates a growing market for battlefield-tested military technology.

UFORCE, which develops autonomous systems capable of operating in the air, on land and at sea, was valued at approximately $1 billion when it raised $50 million in March. Its latest financing round represents a sixfold increase in valuation in just eight months, according to CNBC.

The Series A round was co-led by U.S. investment firm Valor Equity Partners and Britain's National Wealth Fund, with participation from the U.S.-Ukraine Reconstruction Investment Fund. Silicon Valley investors Menlo Ventures and Xantium also joined the financing, alongside Hiro Capital and existing backers.

The investment reflects a broader shift in how governments and investors are approaching military technology, with autonomous weapons moving from experimental projects to systems already operating on the battlefield.

UFORCE, headquartered in London with major operations in Kyiv and Washington, said the money would support expanded production in Ukraine and allied countries, including the United States, Europe, the Asia-Pacific region and the Middle East.

The company is developing several families of autonomous weapons, including its MAGURA naval drones, NEMESIS aerial systems and LIUT ground robots. It also makes PREDATOR counter-drone turrets and software designed to coordinate different unmanned platforms.

According to the company's announcement Thursday, MAGURA unmanned surface vessels have contributed to the destruction of more than a dozen Russian warships in the Black Sea and have been used to shoot down helicopters and fighter aircraft.

UFORCE also claims its NEMESIS strike drones have completed more than 300,000 combat flights and are used by over 100 Ukrainian military units. Those operational figures were supplied by the company and have not been independently verified.

The battlefield experience has become a major selling point as Western militaries reassess the cost and effectiveness of conventional equipment, including crewed aircraft, warships and armored vehicles.

UFORCE has not publicly disclosed detailed revenue, profit or cash-flow figures that would allow an independent assessment of its valuation.

The latest funding includes an investment from the U.S.-Ukraine Reconstruction Investment Fund, a vehicle intended to support economic development and recovery in Ukraine.

Britain's National Wealth Fund is also backing the expansion, with plans to strengthen manufacturing capabilities and defense technology supply chains in the United Kingdom.

Beyond Ukraine, the company is seeking to supply autonomous systems to allied militaries that want to incorporate lessons from the war into their own defense planning.

UFORCE recently announced a partnership with American manufacturer ReconCraft to expand U.S. production of its MAGURA naval drones. The company is also working on converting existing maritime and automotive manufacturing capacity to produce military systems.

The expansion raises questions about how much production will remain available to Ukraine as international demand increases.

Rogynskyy told CNBC that UFORCE was already working with several NATO countries but declined to identify its customers or disclose how much of its production was intended for overseas markets.

He maintained that Ukraine's military requirements would take priority over international orders, even as the company increases manufacturing capacity abroad.

The growing investor interest extends beyond UFORCE. Defense technology startups across NATO and allied countries raised $27.1 billion through September, nearly twice the total recorded for all of 2025, CNBC reported, citing research from Dealroom and Resilience Media.

Ukraine's Ministry of Defense has also been encouraging investment through its Brave1 defense technology initiative, which connects manufacturers, military personnel and investors and helps companies test equipment under battlefield conditions.