German dual-use drone maker becomes unicorn amid defence tech boom

Quick Summary:

German drone maker Quantum Systems has raised €160mn at a valuation north of €1bn, becoming Europe’s latest defence tech unicorn.   Quantum Systems builds electric, AI-powered autonomous surveillance drones that are dual-use, meaning they can serve both military and civil purposes.   Defence forces can use the unmanned aerial vehicles (UAVs) to spy on enemies and gather intel.

The drones can also be used by farmers to inspect their crops, by energy companies to check power lines, and by search and rescue teams to look for survivors.

The round also saw participation from Airbus Defence and Space, Bullhound Capital, and existing angel investor Peter Thiel.

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Article Details

Author / Journalist: Siôn Geschwindt

Category: Technology

Markets: NetherlandsGermanyNigerNigeriaPortugalSouth AfricaUkraine

Topics: Deep tech Drones Investors and funding Startups and technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 13:32:24 (2 days ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 655 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 28468483

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Official Website: thenextweb.com

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