UFORCE's recent funding round, co-led by Valor Equity Partners and the U.K.'s National Wealth Fund, marks a significant increase in its valuation from $1 billion just eight months prior. The company specializes in developing unmanned aerial, maritime, and land systems, alongside AI software for coordination.
CEO Oleg Rogynskyy noted that bookings have more than doubled over the past year, although he did not disclose specific figures. The funding will be used to scale manufacturing in Ukraine and allied nations, as demand for autonomous systems rises globally, particularly in light of lessons learned from the war in Ukraine.
UFORCE claims to have produced ten times more unmanned surface vessels than its competitors and has seen its drones, such as the NEMESIS, complete over 300,000 combat flights. While the company is working with several NATO countries, it emphasizes its commitment to fulfilling Ukrainian military needs first.
Rogynskyy believes that the speed of innovation in Ukrainian defense technology is superior to that of established Western manufacturers, predicting a future where autonomous systems will largely replace traditional military equipment operated by humans