# UK National Wealth Fund plans investment in drone maker Uforce

_Published Friday, October 30, 2026 at 10:55 AM EDT · Policy, Robotics · Latest · Tier 2 — Notable_

![UK National Wealth Fund plans investment in drone maker Uforce — Primary](https://media.thenextweb.com/2026/10/john-healey-portrait-grey-background.jpg)

The UK's National Wealth Fund plans to invest in Uforce, a London-based maker of military drones and robots, The Next Web reported, citing the Financial Times. The proposed investment's size and terms were not disclosed, and neither the company nor the fund has commented publicly.

Founded by Ukrainians, Uforce combines several Ukrainian defence manufacturers and makes Magura sea drones, Nemesis strike drones, ground robots and counter-drone systems. It raised $50m in March at a valuation of just over $1bn. The reported plan follows Wednesday's Budget allocation of an additional £15.4bn in capital to the fund and a government call for greater focus on defence, critical minerals and AI.

## Sources

- [The Next Web](https://thenextweb.com/news/national-wealth-fund-invest-defence-tech-uforce)

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Canonical: https://techandbusiness.org/newswire/iQGDBmKehigQZdpQbd9fA3
Published: 2026-10-30T14:55:02.807Z
Story chronology: 2026-10-30T13:51:03.000Z
Retrieved: 2026-10-30T17:51:52.164Z
Publisher: Tech & Business (techandbusiness.org)