UK drone maker founded by Ukrainians hits £4.5bn value after raising £500m

Britain’s national wealth fund invests £113m in UForce, whose equipment has been used heavily in war with Russia


A London-based naval drone maker founded by Ukrainians has reached a £4.5bn valuation after it raised more than £500m from investors including the UK government.


UForce, which makes military drones for land, air and sea, received £113m from the UK’s national wealth fund. The investment makes UForce one of the UK’s fastest-growing unicorns - or startups with a valuation of more than $1bn. Its drones have been used extensively in the war in Ukraine.

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https://www.theguardian.com/business/2026/nov/12/uk-drone-maker-ukraine-value-uforce