DistantNews
Support us
🇦🇹 Austria /Technology

Drone maker Quantum Systems raises 1.2 billion euros, valuation hits 8 billion

From Der Standard · () German

Translated from German, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • German drone manufacturer Quantum Systems has raised an additional 1.2 billion euros from investors.
  • The company's valuation now stands at approximately 8 billion euros following this funding round.
  • The capital will fuel further growth, and the company is reportedly exploring a merger with drone startup Stark.

German drone manufacturer Quantum Systems has secured an additional 1.2 billion euros in a significant funding round, boosting its valuation to around 8 billion euros. The company announced the successful fundraising on Thursday, with co-founder and co-CEO Florian Seibel confirming the details.

This latest investment is earmarked for financing further expansion and growth for Quantum Systems. The company, known for its advanced drone technology, has attracted substantial investor interest, reflecting the growing market for unmanned aerial systems in both civilian and defense sectors.

According to a report by the Financial Times, Quantum Systems is also reportedly considering a merger with Stark, another drone startup. Such a consolidation could further strengthen its market position and technological capabilities in the competitive drone industry.

The successful funding round positions Quantum Systems as a major player in the European and global drone market, underscoring Germany's growing strength in aerospace and technology innovation.

With the money, further growth will be financed.

— Florian SeibelCo-founder and co-CEO of Quantum Systems, explaining the use of the newly raised capital.
DistantNews Editorial

Originally published by Der Standard in German. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog