Musk ally’s Valor to lead $500m Uforce round at $5bn, Bloomberg reports

Uforce, a London-based firm formed from nine Ukrainian defence manufacturers, is negotiating a $500 million financing round led by Valor Equity Partners at a roughly $5 billion valuation, up from a $1 billion valuation six months earlier. The company claims more than 150,000 combat missions since 2022 and employs over 1,000 staff across Europe, offering sea drones, strike drones, ground robots and counter-drone systems for NATO customers.