Quantum Systems funding news – Munich-based Quantum Systems Secures over €100Million in Series B Round Funding
Sep 25, 2024 | By Startup Rise EU
Quantum Systems, Europe’s leading innovator in drone technology providing aerial intelligence for both government and commercial clients, announces the successful completion of an additional Series B funding round. This brings the total amount of Series B funding for the Munich-based drone pioneer to over €100 million. New lead investors are Notion Capital and Porsche SE.
SUMMARY
- Quantum Systems, Europe’s leading innovator in drone technology providing aerial intelligence for both government and commercial clients, announces the successful completion of an additional Series B funding round.
- Quantum Systems specializes in the development, design, and production of small Unmanned Aerial Systems (sUAS).
The recent Series B financing round marks a significant milestone for Quantum Systems. The company announced that it has secured over €100 million, thanks to the latest investments from Notion Capital and Porsche Automobil Holding SE (Porsche SE).
Existing investors also played a crucial role by participating significantly in this latest financing, demonstrating strong confidence in Quantum Systems’ vision and potential in the rapidly growing drone technology market.
Quantum Systems’ unique advantage lies in its state-of-the-art drones equipped with artificial intelligence (AI) capabilities. Through the synthesis of hardware, software, and AI, Quantum Systems transforms business operations, enhancing efficiency across a diverse spectrum of verticals like mining, construction, agriculture, utilities, public safety and defence, in which the capture, analysis and further processing of sensor data from the air offers a significant advantage.
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Drone technology has developed rapidly in recent years, with significant market potential. Quantum Systems, with its advanced technology platform, is forecasted to participate above average from the sector’s growth according to the new investors. The market for compact drones is projected to grow by 20 percent annually in the coming years.
This influx of capital is not just a testament to Quantum Systems’ past successes but also an enabler for future projects and expansions. With this new round of funding, Quantum Systems plans to accelerate its internationalization efforts and fund further innovation.
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The additional capital will facilitate the scale up of production capabilities, as well as investments in research and development with a strong focus on software and AI.
Quantum Systems stands at a crucial juncture where innovation meets opportunity, poised to lead the charge in transforming how industries operate through advanced aerial technologies and contributing to Europe’s technological sovereignty.
With support from their new investors Porsche SE and Notion, they are not just securing funds; they are building partnerships that will drive innovation essential for Europe's technological sovereignty, security and resilience.
This investment underscores the confidence in their mission to redefine industries and create lasting impact. I am grateful to all their investors who have supported us on this journey - the best is yet to come. But one thing is certain: without security, nothing is worth anything.
About Quantum Systems
Quantum Systems specializes in the development, design, and production of small Unmanned Aerial Systems (sUAS). The company’s range of electric vertical take-off and landing (eVTOL) sUAS are built to maximize range and versatility and provide operators with a seamless user experience.
By integrating cutting-edge software capabilities like edge computing and real-time AI-powered data processing, Quantum Systems builds next-generation UAS for security, defence, public safety, commercial and GIS operations customers across the globe.