London-based defence tech company UFORCE has raised $700 million in a Series A round at a $6 billion valuation. It is the largest venture round ever raised by a startup with Ukrainian roots.
- Founded in 2022 by Oleg Rogynskyy and Oleksii Honcharuk, UFORCE started in Ukraine and now has hubs in Kyiv and Washington, DC. It builds autonomous systems for sea, land and air, along with the AI and command-and-control software that runs them.
- Its products include MAGURA sea drones, NEMESIS strike drones, LIUT ground robots and PREDATOR counter-drone turrets. It is also developing laser counter-drone technology and the BUCHA kamikaze drone, which has a range of 200 km.]
- UFORCE grows through acquisitions. It holds stakes in nine Ukrainian defence-tech developers, which together employ around 1,000 people, and gives them funding, management and access to international markets.
- Its main customer is Ukraine’s armed forces. MAGURA drones have been used by Ukraine’s Defence Intelligence (HUR) in strikes on the Russian Black Sea Fleet, and NEMESIS drones are in service with more than 100 frontline units.
- In March 2026, the company raised a $50 million round at a valuation of over $1 billion, backed by Lakestar, Shield Capital, Ballistic Ventures and Iron Wolf Capital. Its valuation has grown sixfold in eight months.
“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,” said Oleg Rogynskyy, CEO of UFORCE.
- Valor Equity Partners and the UK National Wealth Fund co-led the round. The US–Ukraine Reconstruction Investment Fund also took part, its largest emerging-tech investment to date.
- Menlo Ventures, Xantium and Hiro Capital joined as new investors. Existing backers Shield Capital, Ballistic Ventures, Lakestar and Squadra increased their stakes.
