“Ukrainian defense tech startup hits $6 billion valuation as investors bet on battle-tested drones”

Key points

• UFORCE raised $700 million in a funding round valuing the company at $6 billion.
• The round was led by Valor Equity Partners and the UK National Wealth Fund.
• Previous March round raised $50 million at about $1 billion valuation.
• UFORCE develops unmanned aerial, maritime, land systems and AI software.
• Company plans to scale manufacturing in Ukraine and allied countries.