UForce, founded in Ukraine and headquartered in London, builds autonomous systems for sea, land and air operations, along with the software used to control them. The company plans to expand manufacturing in the U.S., Europe, the Asia-Pacific and the Middle East while keeping its Ukrainian production running despite continued attacks.
UForce said it would use the money to fund research and development and make more MAGURA uncrewed surface vessels, NEMESIS aerial drones, LIUT uncrewed ground vehicles and PREDATOR turrets. “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,” Chief Executive Oleg Rogynskyy said.
In the U.S., UForce recently announced a partnership with ReconCraft to expand production of MAGURA vessels. The company also plans to work with partners in allied countries to adapt existing maritime and automotive manufacturing capacity for defense work.
“Through the National Wealth Fund’s support, UForce’s expansion is bringing the production, engineering and application of combat tested autonomous systems to the UK,” said Oliver Holbourn, chief executive of the UK National Wealth Fund. He said the expansion would create skilled jobs and strengthen British supply chains.
The U.S.–Ukraine Reconstruction Investment Fund’s contribution will support staffing, research and development, and work on new products in Ukraine. Conor Coleman, head of investments at the U.S. International Development Finance Corporation, said on behalf of the fund that the deal was “URIF’s largest investment in the emerging technology sector to date.”
Retired Gen. Christopher G. Cavoli, a Valor partner and former NATO Supreme Allied Commander Europe, is joining UForce’s board. Menlo Ventures, Xantium and Hiro Capital also participated in the round, while existing investors Shield Capital, Ballistic Ventures, Lakestar and Squadra increased their stakes.
