London-based Uforce, which makes unmanned air, sea, and land vehicles, raised $700M co-led by the UK National Wealth Fund and Valor Equity at a $6B valuation (Yazhou Sun/Bloomberg)
Autonomous vehicle developer Uforce has completed a major financing transaction to bring in $700 million in fresh capital. The capital infusion comes directly from a new funding round secured by the London-based company. This fresh funding provides substantial resources for the enterprise as it continues advancing its automated vehicle operations.
Key points
The autonomous vehicle developer has significantly increased its capital reserves through…: The autonomous vehicle developer has significantly increased its capital reserves through fresh investor backing.
Securing this major financing round demonstrates strong investor appetite for London-base…: Securing this major financing round demonstrates strong investor appetite for London-based autonomous technology companies.
Fresh capital will support Uforce as it develops and scales autonomous vehicle systems.: Fresh capital will support Uforce as it develops and scales autonomous vehicle systems.
Sources checked by our analysis pipeline: 1
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Scott Patterson / Bloomberg: |
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Mike Wheatley / SiliconANGLE: |
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