UForce announced a $700 million Series A at a $6 billion valuation on November 12, with Valor Equity Partners and the UK National Wealth Fund co-leading the financing for a wider military-drone manufacturing network.
The company says spreading production will help maintain deliveries to Ukrainian troops despite continued attacks in the country. It plans more capacity across the United States, Europe, Asia-Pacific and the Middle East.
UForce builds unmanned boats, aircraft and ground robots alongside the software military operators use to control them. The London-based company, founded in Ukraine, combines systems developed for the war into a single supplier.
The Series A is 14 times the $50 million round disclosed by investor Expeditions on March 5. That earlier financing valued UForce above $1 billion.
UForce had already begun arranging overseas manufacturing partnerships. In July, it signed a memorandum of understanding with military boatbuilder ReconCraft to produce autonomous surface vessels in the United States.
American soldiers have also tested the hardware. The Defence Blog reported on October 18 that Magura boats launched aerial drones during the Army’s Bayonet Quest exercise in Michigan, which ran from September 26 to October 6.