Ukrainian-founded drone-maker Uforce said on Thursday it had raised $700 million at a $6 billion valuation, as it looks to expand production of autonomous sea, land and air systems for Ukraine and allied countries.
Valor Equity Partners and Britain's National Wealth Fund co-led the funding round, with participation from the US-Ukraine Reconstruction Investment Fund.
The investment comes as Ukraine and Russia continue to adapt their battlefield technology and tactics in the war that followed Moscow's full-scale invasion in February 2022, with drones and robotic systems playing an increasingly important role in military operations.
Uforce, which is headquartered in London and has hubs in Kyiv and Washington, develops uncrewed maritime, aerial and ground platforms, along with command-and-control software used to coordinate them.
The valuation places Uforce among a growing group of highly valued European technology startups.
(Reporting by Ruchika Khanna and Rishabh Jaiswal in Bengaluru; Editing by Jochelle Mendonca)