UFORCE, the Ukrainian company behind the MAGURA sea drones, has raised €630 million ($700 million). The round was co-led by Valor Equity Partners and the UK National Wealth Fund (NWF).
New investors include the US–Ukraine Reconstruction Investment Fund (URIF), Menlo Ventures, Xantium and Hiro Capital. Existing backers Shield Capital, Ballistic Ventures, Lakestar and Squadra increased their stakes. The company previously raised €45 million (1 billion), so its valuation has grown roughly sixfold since that round.
Тhe round had been in the works since spring 2026 and grew over time, and the company is already profitable.
From Ukraine’s battlefield to allied factories
UFORCE builds autonomous uncrewed systems for sea, land and air, along with the AI software and command-and-control layer that runs them. Its products include the MAGURA uncrewed surface vessels, NEMESIS strike drones, LIUT ground robotic platforms and PREDATOR counter-drone turrets. The company says its goal is to make defense about 100 times cheaper than attack.
Most of its systems were developed and tested in Ukraine’s war against Russia. According to the company, MAGURA vessels have helped destroy more than a dozen Russian warships in the Black Sea and have shot down several helicopters and fighter jets. Ukrainian forces have also used MAGURA as a mobile base at sea, launching NEMESIS drones from it for long-range strikes, including on air defense systems. NEMESIS Class 1 heavy strike drones have flown more than 300,000 combat missions and are used by over 100 units.
UFORCE grew by buying Ukrainian defense tech companies whose products had already worked at the front but that were struggling to scale. It also converts maritime and automotive factories for defense production. In the US, it signed a deal with ReconCraft to scale up production of MAGURA vessels, and it is a founding member of the EU-Ukraine Drone Alliance.
Ukrainian founders, international team
The company is led by CEO and co-founder Oleg Rogynskyy, who previously founded the sales software company People.ai. He has no military background and has said he started UFORCE to help defend Ukraine against Russia’s invasion. Oleksii Honcharuk, Ukraine’s former Prime Minister, is co-founder and chairman.
UFORCE is headquartered in London, with major hubs in Kyiv and Washington, DC. Its board includes former UK Defense Secretary Ben Wallace. General (Ret.) Christopher G. Cavoli, former NATO Supreme Allied Commander Europe and now a partner at Valor, is joining the board with this round. In May 2026, the company appointed Sean Plankey as CEO of its US operation.
What the money is for
UFORCE will use the funding to scale production and spread manufacturing across the US, Europe, Asia-Pacific and the Middle East, closer to where the platforms are needed. It also plans to help allied countries build their own defense manufacturing capacity and to keep producing in Ukraine despite ongoing Russian attacks. The company intends to keep acquiring products and startups as well.
The NWF said the investment will bring production and engineering jobs to the UK. URIF will also support UFORCE’s operations in Ukraine.
“UFORCE and our investors are united in our determination to make aggression unaffordable,”
— said Rogynskyy. He added that governments and the tech industry need to work together on cost-effective, interoperable and autonomous platforms.
Oliver Holbourn, CEO of the UK National Wealth Fund, said:
“Today’s investment is a testament to the special relationship that the UK and Ukraine have fostered.”
Cavoli said he looks forward to supporting the team “as it strengthens Ukraine’s defense.”
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