Quantum Systems, a German drone manufacturer supported by investor Peter Thiel, has lifted its valuation to €3 billion (US$3.5 billion) after a new funding round. The defence startup aims to expand its production of unmanned aerial systems.
The company secured €180 million from investors such as Balderton Capital, tripling its valuation since May, according to co-chief executive Sven Kruck, who spoke with journalists on Thursday. Quantum Systems builds surveillance drones that Ukraine is using in its war with Russia. The firm’s revenue has risen sharply since Russia’s full-scale invasion in 2022.
The fresh capital will help the company increase manufacturing capacity and support the creation of counter-drone technology, which it expects to begin selling next year, Kruck said.
Quantum Systems joins a growing group of German drone startups—including Helsing and Stark Defence—that actively supply European militaries with modern systems now essential to the conflict in Ukraine. Drone makers in Ukraine are also seeking customers beyond their home country.
Former German army pilot Florian Seibel co-founded the company in 2015, and it now develops dual-use unmanned aerial vehicles with backing from investors such as Thiel, Porsche Automobil Holding SE, and Notion Capital.
