Ukraine Battlefield Tech Firm UFORCE Tops $1 Billion Valuation

A defense-technology startup born out of Ukraine’s battlefield is emerging with a valuation topping $1 billion, as Western and Gulf militaries scramble for systems proved in combat.

UFORCE, which combines nine Ukrainian defense companies, raised $50 million in a funding round led by Shield Capital and Lakestar with participation from Ballistic Ventures, according to a statement Thursday that confirmed a Bloomberg News report.