OriginalSourceThe GuardianUnited KingdomOwner: Guardian Media GroupLeanCenter-leftCredibilityPublished10:31 UTCRatings: AllSides, MBFCSourceThe GuardianUnited KingdomOwner: Guardian Media GroupLeanCenter-leftCredibilityPublished10:31 UTCRatings: AllSides, MBFC
“UK drone maker founded by Ukrainians hits £4.5bn value after raising £500m”
“Britain’s national wealth fund invests £113m in UForce, whose equipment has been used heavily in war with Russia”
UK drone maker UForce valued at £4.5bn after £500m raise
Key points
- London-based naval drone maker raised over £500m from investors including UK government.
- UForce valuation reached £4.5bn, qualifying as a unicorn.
- UK’s national wealth fund contributed £113m to the funding round.
- Drones are used in the war in Ukraine and maritime defence roles.
- MoD to source over 70% of UK-built hulls and components from British suppliers.
How it got here
The Guardian publishes the article.
concise.news reads it.