UK drone maker founded by Ukrainians hits £4.5bn value after raising £500m

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Guardian Business

UK drone maker founded by Ukrainians hits £4.5bn value after raising £500m

Britain’s national wealth fund invests £113m in UForce, whose equipment has been used heavily in war with Russia A London-based naval drone maker founded by Ukrainians has reached a £4.5bn valuation after it raised more than £500m from investors including the UK government. UForce, which makes military drones for land, air and sea, received £113m from the UK’s national wealth fund. The investment makes UForce one of …