A Ukrainian soldier controls a Magura naval drone during demonstration for journalists in 2024
A Ukrainian soldier controls a Magura naval drone during demonstration for journalists in 2024. Photograph: Genya Savilov/AFP/Getty Images
A Ukrainian soldier controls a Magura naval drone during demonstration for journalists in 2024. Photograph: Genya Savilov/AFP/Getty Images
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.