PiggyGPT

Private companiesCovered

UForce

London, United Kingdom · Founded 2025

UForce combines nine Ukrainian defense manufacturers into one London-headquartered company. It makes the Magura sea drones used against Russia’s Black Sea Fleet, the Nemesis strike drones, ground robots, remote weapon stations, counter-drone interceptors and the command-and-control software that runs them. It has a memorandum of understanding with ReconCraft to build Magura in the US and develops new models in the UK and Portugal.

Profile

What it builds and who buys it

  • ·UForce was formed from nine Ukrainian defense companies that merged early in 2025, and it acts as systems integrator for their technologies.Tectonic, Mar 5, 2026
  • ·The company was registered in the United Kingdom in January 2025.InVenture, Mar 6, 2026
  • ·The Next Web reported that the company moved its headquarters to London partly to protect itself from sabotage.The Next Web, Sep 7, 2026
  • ·Its Magura uncrewed surface vessels have sunk more than a dozen Russian warships and were the first such vessels to shoot down manned helicopters and fighter jets, according to the company.UFORCE (company release), Mar 5, 2026
  • ·The Wall Street Journal reported Magura at about 7.6 meters long, carrying more than 770 kg over more than 560 km, at a cost under $500,000 depending on configuration.Ukrainska Pravda, Jul 22, 2026
  • ·Nemesis is a family of medium and heavy strike multirotor drones, among the most widely deployed bomber drones in Ukraine.UFORCE (company release), Mar 5, 2026
  • ·The company states that Nemesis has flown more than 120,000 combat missions with Ukraine’s armed forces and won four awards under Ukraine’s Army of Drones program in 2025.UFORCE (company site)
  • ·LIUT is a combat ground robot that engages ground and aerial targets at ranges up to 2 km.UFORCE (company site)
  • ·Its counter-drone line covers interceptor drones with manual, semi-autonomous and fully autonomous terminal guidance, integrated through its command-and-control ground station and launchable from Magura.UFORCE (company site)
  • ·Its command-and-control software, UFORCE C2, runs uncrewed vessels, aircraft, ground vehicles and interceptors from one interface.UFORCE (company site)
  • ·The portfolio also includes unmanned logistics vehicles, remote weapon stations and Sunray, a laser counter-drone system.UFORCE (company release), Mar 5, 2026
  • ·In August 2026 UGV Robotics, part of the group, tested its Predator remote weapon station aboard a frigate of a NATO member state against an aerial drone and an uncrewed surface vehicle.UFORCE (company release), Aug 14, 2026
  • ·The company reported nine-figure bookings in 2025, up close to 500%, without stating a revenue figure.UFORCE (company release), Mar 5, 2026
  • ·In March 2026 it had more than 1,000 staff and a supply chain across more than 15 locations in six allied countries.UFORCE (company release), Mar 5, 2026
  • ·The company states that its systems have supported more than 200,000 missions in Ukraine.UFORCE (company release), May 18, 2026
  • ·In July 2026 it signed a memorandum of understanding with ReconCraft to build autonomous surface vessels in the US. Tectonic reported ReconCraft’s aim of making hundreds or thousands of Magura a year in Oregon and South Carolina.Tectonic, Jul 22, 2026
  • ·In August 2026 it launched the MV7, its first sea drone developed in the UK, off the UK’s south coast, at the start of a UK research and testing programme.UFORCE (company release), Aug 6, 2026
  • ·In August 2026 it unveiled the MV11, a carrier vessel for other drones developed by its design bureau in Portugal, up to 12 meters long with a payload of up to 2,200 kg and endurance of up to 7 days.UFORCE (company release), Aug 25, 2026
  • ·It deployed 11 uncrewed surface vessels and 8 drones at NATO’s REPMUS 26 exercise in Portugal, Militarnyi reported in October 2026.Militarnyi, Oct 2, 2026
  • ·It is one of the 18 founding members of the EU–Ukraine Drone Alliance launched by the European Commission in July 2026.UFORCE (company release), Jul 30, 2026
  • ·Ben Wallace, the former UK Defence Secretary, sits on its board.The Next Web, Sep 7, 2026
  • ·Sean Plankey became chief executive of its US business in May 2026.UFORCE (company release), May 18, 2026

Founders and leadership

  • Oleksiy HoncharukCo-founder and chairman

    Ukraine’s prime minister in 2019 and 2020.The Next Web, Sep 7, 2026

  • Oleg RogynskyyChief executive

    Founded People.ai, a sales software company. Bloomberg corrected its September 2026 report after the company said he is not a founder of UForce, The Next Web reported.The Next Web, Sep 7, 2026

Prospects, after the reported talks of September 2026

Prepared by PiggyGPT, as of Oct 15, 2026

  • ·Ukraine’s armed forces are the users on file. The company reported nine-figure bookings for 2025 and states no revenue figure. Bookings are not revenue.UFORCE (company release), Mar 5, 2026
  • ·Sales outside Ukraine are at an early stage. The US manufacturing deal with ReconCraft is a memorandum of understanding, and the UK MV7 begins a research and testing programme. No Western contract is on file.UFORCE (company release), Aug 6, 2026
  • ·The only round on file is the March 2026 seed: $50 million at over $1 billion, as reported. The Next Web, citing Bloomberg, reported talks in September 2026 for about $500 million at around $5 billion led by Valor Equity Partners, not closed.The Next Web, Sep 7, 2026
  • ·For the acquisition read, the investors on file are venture firms: Shield Capital, Lakestar, Ballistic Ventures and, in reported talks, Valor Equity Partners. ReconCraft is a manufacturing partner with no stake on file. No strategic investor, talks to sell or approach is on file. The posture is quiet.

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Funding

Last valuation

$1B

Post-money, Seed, reportedInterfax-Ukraine, Mar 5, 2026

Last round or tender

$50Mraised

SeedInterfax-Ukraine, Mar 5, 2026

Led by Shield Capital and Lakestar, with Ballistic Ventures. The company announced the close of an initial funding round on March 5, 2026 without an amount or valuation. Interfax-Ukraine, relaying Bloomberg, reported $50 million at a valuation of over $1 billion, a floor; Tectonic reported over $50 million and said the raise had taken place about six months before the announcement. The day recorded is the announcement.

Latest revenue figure

—

Valuation to revenue

—

Post-money valuation by round

Fewer than two dated figures on file to plot; the table carries what there is.

DateRoundRaisedPost-money
Mar 5, 2026SeedLed by Shield Capital and Lakestar, with Ballistic Ventures. The company announced the close of an initial funding round on March 5, 2026 without an amount or valuation. Interfax-Ukraine, relaying Bloomberg, reported $50 million at a valuation of over $1 billion, a floor; Tectonic reported over $50 million and said the raise had taken place about six months before the announcement. The day recorded is the announcement.$50M$1.00Breported

Primary capital across the rounds on file: $50M

Revenue

No citable revenue figure on file.

Secondary venues

  • Caplightpublic page seen Oct 15, 2026

    No price on the public page.

    No public MarketPrice; historical pricing is behind a login. The page shows only Caplight’s last-round figures, a Series A dated September 8, 2026 at a $5 billion estimated valuation, which no cited source reports as closed.

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Acquisition: Quiet

No cited tie to a buyer. What is on file is contracts, rounds and partnerships without one.

Prepared by PiggyGPT, as of Oct 15, 2026

Signals

  • Mar 5, 2026UForce emerged from stealth with a round led by Shield Capital and Lakestar, with Ballistic Ventures. Interfax-Ukraine, relaying Bloomberg, reported $50 million at a valuation of over $1 billion.Interfax-Ukraine, Mar 5, 2026
  • May 18, 2026UForce appointed Sean Plankey, a former senior adviser to the US Secretary of Homeland Security, as chief executive of its US business, to lead government engagement and US manufacturing.UFORCE (company release), May 18, 2026
  • Jul 20, 2026UForce was selected as one of the founding Ukrainian members of the EU–Ukraine Drone Alliance launched by the European Commission.UFORCE (company release), Jul 30, 2026
  • Jul 21, 2026UForce signed a memorandum of understanding with ReconCraft, a US builder of Special Operations craft, to build autonomous surface vessels in the US, and entered the US Drone Dominance competition with it.UFORCE (company release), Aug 6, 2026
  • Sep 7, 2026The Next Web, citing Bloomberg, reported UForce in talks to raise about $500 million at a valuation of around $5 billion, led by Valor Equity Partners. The round had not closed, and UForce declined to comment.The Next Web, Sep 7, 2026

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Sources

Researched Oct 15, 2026