Iron Wolf Capital participates in UFORCE's $50M seed funding round

06 March 2026
London-based defence technology company UFORCE, founded by Ukrainian entrepreneurs, has emerged from stealth with a $50 million seed funding round led by Lakestar and Shield Capital, with participation from Iron Wolf Capital, Ballistic Ventures, and others. The round values the company at over $1 billion.

UFORCE develops combat-proven autonomous systems across air, land, and sea, integrating drones, unmanned surface vessels, robotic ground systems, and battlefield command-and-control software into a unified platform for allied militaries. Many of the technologies have been iterated and tested in real combat missions during the war in Ukraine, providing operational data that informs rapid development cycles and manufacturing improvements.

The company was founded in 2022 by Oleg Rogynskyy, co-founder of the AI sales unicorn People.ai, and Oleksiy Honcharuk, former Prime Minister of Ukraine. Its leadership team also includes Sir Ben Wallace, the former UK Secretary of State for Defence, as a board member.

“Ukraine didn’t just adapt to modern warfare, it reinvented it,” said Oleg Rogynskyy, CEO and co-founder of UFORCE. We built a company that can take these combat-proven, not slide-deck-proven, systems and deliver them to the allies now facing similar threats.”

UFORCE brings together Ukrainian defence technology developers and manufacturers to scale battlefield-tested autonomous systems for NATO allies and other partner countries. The company’s platforms have already supported hundreds of thousands of missions in contested environments, informing both product design and operational deployment.

The newly raised funding will be used to expand production capacity, accelerate the development of next-generation autonomous systems, and scale manufacturing across allied countries, enabling the company to meet growing international demand for defence technology.

For more information, please visit Bloomberg

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