Quantum Systems, one of Europe’s leading innovators in dual-use drone-robotics offering state-of-the-art multi-sensor technology for both government and commercial clients, announced the successful completion of its €63.6 million Series B funding round. This brings the total amount of funding for the Munich-based drone manufacturer to over €100 million. Leading the investment are HV Capital and DTCP, followed by Project A, Thiel Capital, ScaleUp Fonds Bayern, Omnes Capital, and Airbus Ventures. This substantial infusion of capital underscores Quantum Systems’ dedication to boosting resilient infrastructure, through aerial intelligence.
Founded in 2015, Quantum Systems’ unique advantage lies in its dual-use capability, addressing two distinct markets with common technology. Through the synthesis of hardware, software, and AI, Quantum Systems transforms business operations, enhancing efficiency across a diverse spectrum of verticals, from agriculture to mining, inspection, and construction.
Quantum Systems also extends its expertise to democratic governments, where the need for aerial data-driven operations becomes paramount. The provision of aerial intelligence in real-time is not merely a strategic choice but a decisive edge, enabling market growth precisely where Quantum Systems stands uniquely positioned with its cutting-edge products and visionary roadmap.
Florian Seibel, CEO of Quantum Systems, said: “In the face of ever-evolving global challenges, Quantum Systems recognizes the need for a bottom-up flexible approach. This approach fosters innovation and adaptability, enabling Europe to sustain its democratic values while embracing disruptive technologies that drive progress.”
For Quantum Systems, to have HV Capital, DTCP, and its other new investors, they are stepping forward to contribute to the company’s mission of creating a safer and more technologically resilient world, and actively contributing to the future of European and global security.
Christian Saller, General Partner of HV Capital, commented: “We are excited to back Quantum Systems’ vision for global leadership in AI-powered drone-robotics. The team has showcased their ability to sustain a technological advantage. We look forward to working with the team as they expand their product offering.”
Quantum Systems recently secured a significant contract with the German Armed Forces for Vector reconnaissance drones, strengthening European security. Partnering with Airbus Defence and Space, backed by the German Ministry of Defense, Quantum Systems advances tactical drones with AI and swarming technologies. The company continues to support Ukraine through multiple deliveries of Vector drones, driving innovations in AI capabilities, endurance, and further system architecture integrations to the battle management systems.
Read the orginal article: https://www.eu-startups.com/2023/10/munich-based-quantum-systems-bags-e63-6-million-series-b-to-consolidate-leadership-in-ai-powered-drone-robotics/
