Quantum Systems Soars with $1.2 Billion Funding Boost
- On Thursday, German defense technology company Quantum Systems announced it secured $1.2 billion in fresh investment, doubling the company's valuation to $8 billion with backing from Blackstone, Airbus, Noteus, and Advent.
- European nations are rapidly expanding military capabilities due to an increasingly hostile Russia and concerns regarding US security commitments under President Donald Trump, driving significant defense investment across the continent.
- The firm, which reported around 300 million euros in revenue last year, is expanding autonomous land and sea systems as Co-CEO Sven Kruck noted the strategic shift within the European defense sector using Mosaic UXS software.
- Florian Seibel, Quantum's co-CEO and co-founder, suggested the funding could enable acquisition of Stark Defence, an attack drone maker he helped establish; Stark stated there were "no plans" to merge.
- Stark raised 500 million euros last week, while Quantum continues supplying reconnaissance drones to Ukraine, where the war against Russia is in its fifth year, underscoring the strategic value of independent defense innovators.
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Watch Quantum Systems Doubles Valuation to $8B in New Round
Quantum Systems has raised $1.2 billion in a funding round, more than doubling the German drone startup’s valuation to about $8 billion post-money. The firm is one of a number of German startups making unmanned aerial vehicles that are benefiting from a surge in military spending in Europe. Co-CEO Sven Kruck spoke to Bloomberg The Opening Trade on July 2 about the startup's potential growth, consolidation in the sector, and Europe's defense spending ambitions.
Munich DefenseTech startup Quantum Systems brings 1.2 billion dollars and achieves a valuation of 8 billion dollars. Ukraine's war experience becomes a competitive advantage – Airbus is strategically entering the market.
Quantum Systems raises $1.2bn at an $8bn valuation
Europe has a new defence-tech heavyweight. Quantum Systems, a German maker of autonomous drones, has raised $1.2bn and more than doubled its valuation to about $8bn. It is one of the largest rounds ever for a European defence startup. The Bavarian company announced the Series D on Thursday. Blackstone, Noteus, Airbus, and Advent co-led it. […] This story continues at The Next Web
The Munich drone manufacturer completes a financing round of 1.2 billion dollars. The company is valued at eight billion dollars and is the second most expensive armaments start-up in Europe.
German drone startup Quantum Systems raises $1.2B at $8B valuation as investors pour billions into AI defense - Tech Startups
The race to build autonomous military systems just produced another massive winner. German drone startup Quantum Systems has raised $1.2 billion in a Series D funding round, pushing its valuation to about $8 billion and cementing its place among Europe’s […] The post German drone startup Quantum Systems raises $1.2B at $8B valuation as investors pour billions into AI defense first appeared on Tech Startups.
Quantum Systems reported that it raised US$ 1.2 billion in a funding round that valued the company at approximately US$ 8 billion, guaranteeing new resources to expand drone production and invest in software for autonomous systems based on artificial intelligence. Exclusive subject for subscribers. For full access, access the article link and register.
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