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

Uforce, a London-based drone company formed from Ukrainian defense manufacturers, is negotiating a $500 million funding round led by Valor Equity Partners at a $5 billion valuation. The company, known for its combat drones used in the Ukraine conflict, has rapidly increased its valuation from $1 billion in six months and offers integrated combat systems for NATO.