Germany-based Quantum-Systems, a developer, designer, and manufacturer of advanced unmanned aerial systems (UAS), announced that it has raised an undisclosed amount of funding in a round led by new investors Peter Theil, Project A, and Sanno Capital.
Existing Investors Bayern Kapital and 10x Group also participated in the round.
Peter Thiel says, “The future of UAS is in neither software nor hardware alone, but in the intelligent synthesis of the two. With that understanding, Quantum-Systems is a leap ahead of its competition.”
Funding enables an aggressive sales aspect
Quantum-Systems says the funds will be used to accelerate its R&D investment in artificial intelligence, autonomy, edge computing, and robotics. The company says that this will provide its advanced airframes with sophisticated software.
The funds will also allow Quantum-Systems to more aggressively seek out sales opportunities across Europe for its sophisticated UAS in sectors that range from defence to agriculture, mining, and construction.
“The next chapter in our growth is taking our first-class hardware, which our customers love, and investing heavily in the software to bring it to the next level,” says Florian Seibel, CEO of Quantum-Systems. “That includes artificial intelligence, which will enhance our ability to provide situational awareness to our operators; edge computing, which facilitates real-time data processing onboard our UAS; and new elements in our mission planning software, which allows operators to orchestrate complex operations with the click of a button.”
With Quantum’s UAS, customers can carry out search and rescue operations after natural disasters, automate railway inspections after bad weather, and gather aerial data intelligence on large-scale construction projects.
Uwe Horstmann, General Partner at Project A, says, “American and Israeli companies have historically dominated the drone market. We are excited to see Quantum-Systems step up and provide a homegrown European solution that doesn’t sacrifice tech quality.”
About Quantum-Systems
Founded in 2015, Quantum-Systems is at the forefront of UAS development. A leading provider of vertical take-off and landing (eVTOL) systems, the company claims that its electric vertical lift systems are easy to operate, have extensive flight endurance, and are reliable.
Quantum-Systems’ UAS are used by public and private sector customers alike, be it for security, defence, humanitarian assistance, or geospatial operations.
Florian Moerth, CEO of Sanno Capital, says, “Whether in agriculture, construction, or observation for humanitarian operations and reconnaissance, Quantum’s UAS cover an immense range of applications. The company offers the innovation potential to build the European champion in its field through best-in-class sensor solutions and AI.”
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