Business & Finance
Ukrainian defense startup UFORCE valued at $6 billion after $700 million raise
CNBC reports the round was co-led by Valor Equity Partners and the U.K.'s National Wealth Fund, with bookings the company says have more than doubled.
The short version
- Ukrainian defense technology company UFORCE raised $700 million at a $6 billion valuation, according to CNBC.[CNBC]
- The Series A round was co-led by Valor Equity Partners and the U.K.'s National Wealth Fund, and the valuation rose from about $1 billion in March.[CNBC]
- CEO Oleg Rogynskyy says bookings have more than doubled over the past year but did not disclose exact figures.[CNBC]
- UFORCE's combat claims and vessel production comparison are company statements, and CNBC could not independently verify the comparison.[CNBC]
Key facts
- UFORCE raised $700 million in a funding round valuing it at $6 billion.[CNBC]
- The Series A round was co-led by Valor Equity Partners and the U.K.'s National Wealth Fund.[CNBC]
- UFORCE raised $50 million at a valuation of around $1 billion in March.[CNBC]
- UFORCE CEO Oleg Rogynskyy told CNBC that the company's bookings have more than doubled over the past year.[CNBC]
- Startups across NATO and allied countries raised $27.1 billion through September, according to a Dealroom and Resilience Media report.[CNBC]
What remains uncertain
- UFORCE has not disclosed exact bookings figures, so the claimed doubling cannot be independently quantified.[CNBC]
- CNBC could not independently verify Rogynskyy's claim that UFORCE has manufactured ten times as many unmanned surface vessels as its typical competitors.[CNBC]
- UFORCE's claims that its NEMESIS drones have flown more than 300,000 combat flights and that its MAGURA vessels helped destroy over a dozen Russian warships are company statements, not independently confirmed in the reporting.[CNBC]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.