Munich AI-powered drone robotics company Quantum Systems announced the successful completion of its €63.6 million Series B funding round.
This brings the total funding for the Munich-based drone manufacturer to over €100 million.
HV Capital and DTCP are leading the investment, followed by Project A, Thiel Capital, ScaleUp Fonds Bayern, Omnes Capital, and Airbus Ventures.
Conflicts, disasters, and dependencies on foreign suppliers around the globe have tremendously increased the need for robust systems that give commercial and governmental customers a decisive data advantage, either in the business world or on the battlefield.
Quantum Systems is at the forefront of unmanned aerial system (UAS) development as an aerial data intelligence company, specialising in multi-sensor data collection drones for government agencies and commercial customers.
The company 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.
Advanced professional mapping UAS and ISR UAS (drones) (quantum-systems.com)