German Quantum Systems, an AI-powered aerial intelligence systems provider, has raised €160 million in new funding to accelerate global expansion and advance autonomous drone systems.
The funding was led by Balderton Capital and involved Hensoldt, Airbus Defense and Space, Bullhound Capital, LP&E AG, and existing investors among others, totaling the company's funding to €310 million.
Quantum Systems aims to become the European leader in robotized and AI-powered aerial intelligence solutions, serving both government and commercial customers for daily decision-making.
The company's drones and intelligence systems are currently utilized by NATO-aligned forces and it has expanded into various markets including the UK with recent acquisitions.