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 funding round led by new investors Peter Theil, Project A and Sanno Capital .
Existing investors Bayern Kapital and 10x Group also took part in the round.
Peter Thiel: “The future of UAS lies neither in the software nor in the hardware alone, but in the intelligent synthesis of both. With this understanding, Quantum-Systems is one step ahead of its competition.”
The financing allows for an aggressive sales aspect
Quantum-Systems says the funds will be used to accelerate its R&D investments in artificial intelligence, autonomy, edge computing and robotics. The company says this will equip its advanced airframes with sophisticated software.
The funds will also allow Quantum-Systems to seek market opportunities for its advanced UAS across Europe in sectors ranging from defense to agriculture, mining and construction.
“The next chapter of our growth is investing in our world-class hardware that our customers love and investing heavily in the software to take it to the next level,” says Florian Seibel, CEO of Quantum-Systems. “This 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 that allow operators to orchestrate complex operations at the touch of a button.”
Quantum’s UAS enables customers to conduct search and rescue operations after natural disasters, automate railroad inspections after inclement weather, and collect aerial data intelligence on major construction projects.
Uwe Horstmann, General Partner at Project A, says: “American and Israeli companies have historically dominated the drone market. We are pleased that Quantum-Systems is stepping up its game and offering a homegrown European solution that does not compromise on technical quality.”
About Quantum Systems
Founded in 2015, Quantum-Systems is at the forefront of UAS development. As a leading provider of vertical takeoff and landing (eVTOL) systems, the company claims that its electric vertical lift systems are easy to use, have long flight endurance and are reliable.
Quantum-Systems UAS are used by public and private customers alike, whether for security, defense, humanitarian assistance or space-related operations.
Florian Moerth, CEO of Sanno Capital, says: “Whether in agriculture, in the construction industry or in observation for humanitarian operations and reconnaissance, Quantum 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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