The Ukrainian company UFORCE attracted 700 million dollars in investment to increase the production of unmanned systems.
This will allow the company to expand and distribute its production capacity to the territory of the United States, Europe, the Asia-Pacific region and the Middle East.
The funds were raised as part of the Series A investment round. This round was led by the National Wealth Fund (NWF), a UK public investment fund, and Valor Equity Partners. For NWF, this is a record investment in the defense technology sector.
The new capital will also increase production of Magura UAVs, Nemesis UAVs, Liut UAVs and Turret Mounted Predator Anti-Unmanned Aerial Vehicle Systems.
UFORCE is a defense technology company based in Ukraine. Its headquarters are located in London, and the main centers are in Kiev and Washington.
Photo: UFORCE.