UForce secures £500 million, reaches £4.5 billion valuation amid defense push
UK drone maker UForce, founded by Ukrainians, achieved a £4.5 billion valuation after raising over £500 million, including £113 million from the UK’s national wealth fund. Its drones, used extensively in Ukraine, aim to enhance international defense capabilities. The investment will boost production for Ukraine and its allies amid escalating threats from Russia.
How does this story land?
Summary by OZbrief Editorial · The Guardian Australia – Business · Source
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 12 Nov 2026, 10:31 UTC · Updated 12 Nov 2026, 11:00 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
Trending
- Melbourne Uni cuts 179 staff as it bleeds cash for fifth year
- Melbourne art teacher Alice Krause apologizes after racist car park outburst
- Six Victoria fire stations robbed, CFA reviews security amid bushfire risks
- Finnish ambassador says interest in embassy no red herring after viral posts
- Dave Grohl pays tribute to Beaconsfield miner Todd Russell amid energetic Sydney
- Hussey makes call on Australia's best batting line up