Making Daily Headlines · Page 10
Drone Startup Adds a $6 Billion Valuation to Its Combat Record
· New York time
Ukrainian defense technology startup UFORCE has reached a $6 billion valuation as investors focus on its drones, CNBC reported. Its NEMESIS drones have completed 300,000 combat flights, while its MAGURA naval vessels have contributed to the destruction of Russian warships. The valuation puts an investor figure beside technology used in a war with worldwide security implications. It measures a business assessment, not a guarantee of future performance. For a defense company, the demand for evidence that a product works has taken on a particularly consequential meaning.
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