German drone robotics startup Quantum Systems has received a $17.5 million investment in a venture round, now bringing the company’s total capital raised to $79.2 million. The new capital is slated to further advance the company’s R&D efforts, namely via artificial intelligence, autonomy, edge computing, and naturally, robotics.
“Quantum-Systems is a leap ahead of its competition.” - Peter Thiel
Likewise, the new funds will help Quantum Systems bolster its sales teams in order to meet the growing demand across Europe for Unmanned Aircraft Systems (UAS) in areas ranging from agriculture, mining, construction, energy, and defense. Practical applications of Quantum System’s technologies include search and rescue operations after natural disasters, automated railway inspections after severe weather, and aerial data intelligence on large-scale construction operations.
Of note, Quantum Systems is providing Ukraine's Ministry of Defense with vector drones.
“The future of UAS is in neither software nor hardware alone, but in the intelligent synthesis of the two,” said Thiel.
On the investment, 10x Group's Felix Haas commented, "We invested in Quantum Systems early on because the company is one of those rare nuggets you find in Europe: A truly ambitious, technical, purpose-oriented founder meeting a global demand for professional drones. Initially, we were criticised for dual use - both civilian and military - by other investors, but now it's clear to everyone that this is exactly the kind of company we need to fund and support from Europe."