Quantum Systems Revenue, Valuation, Funding & Investors

Quantum Systems is valued at $8B as of July 2026, a 24.2x revenue multiple. Quantum Systems revenue was $330M, as disclosed with its latest round.

Last Quantum Systems valuation

$8B

Series D · Jul 2026

Last Quantum Systems funding round

$1.2B

Series D · Jul 2026

Quantum Systems revenue

$330M

Series D · Jul 2026

Key investors in Quantum Systems

  • Balderton Capital
  • HV Capital
  • Project A Ventures
  • Bayern Kapital
  • Notion Capital
  • Omnes Capital

Quantum Systems Overview

About Quantum Systems

Quantum Systems (Quantum-Systems GmbH) is a German developer and manufacturer of autonomous unmanned systems headquartered in Gilching near Munich. Its aircraft include the Trinity electric vertical take-off mapping drone, the Vector and Twister reconnaissance drones and the long-range Reliant, increasingly linked with ground, maritime and counter-drone systems through its MOSAIC UXS mission software. It sells hardware, software and services to armed forces and government agencies, including the Bundeswehr and the militaries of Ukraine, Australia, Romania and Spain, and to commercial customers in surveying, mining, agriculture and infrastructure. The company generated revenue of EUR 300 million in 2025 and says it is profitable; in 2024 it had about 350 employees and more than 450 customers, and by late 2025 it employed up to 1,000 people across Germany, Ukraine, the US, Australia, Romania, the UK and the Baltics. In 2025 it acquired AirRobot, Nordic Unmanned and Spleenlab. It remains privately held and venture-backed, and in July 2026 it signed a USD 1.2 billion Series D co-led by Blackstone, Noteus, Airbus and Advent at a post-money valuation of about USD 8 billion. Quantum Systems was founded in January 2015 by former Bundeswehr helicopter pilot Florian Seibel with Armin Busse, Tobias Kloss and Michael Kriegel.


Founded

2015

HQ

GermanyGilching

Status

Privately held

Customer focus

B2G & B2B

Revenue model

Product sales

Revenue

$330M (Jul 2026)

Valuation

$8B (Jul 2026)

Quantum Systems Valuation

Quantum Systems is currently valued at $8B, based on its Series D in July 2026. Read the announcement ↗

The $1.2B round was led by Advent International, Airbus Defence & Space, Blackstone and Noteus Partners, with participation from Wellington Management, Balderton Capital, Fidelity, KfW Capital, HV Capital and 2 other investors.

Quantum Systems' valuation has grown 165x from $49M at its seed round in January 2017 to $8B in July 2026, across 4 priced rounds.

Quantum Systems valuation by funding round

Revenue multiple
Quantum Systems valuation by funding round
DateStageValuationRevenue Multiple
Jul 2026Series D$8B24.2x
Nov 2025Series C$3.5B-
May 2025Series C$1B2.9x
Jan 2017Seed$49M-

Quantum Systems Revenue

Quantum Systems' latest recorded revenue is $330M, as of its Series D in July 2026. At a $8B valuation, that implies a 24.2x revenue multiple.

Revenue moved from $340M in May 2025 to $330M in July 2026, while the revenue multiple moved from 2.9x to 24.2x.

Quantum Systems revenue by funding round

Quantum Systems revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jul 2026$330M$8B24.2xSeries D
May 2025$340M$1B2.9xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Quantum Systems Funding History

Quantum Systems has raised a total of $1.7B across 9 funding rounds.

Quantum Systems' first fundraising round was a $7M seed round in January 2017. The most recent completed round was a $1.2B Series D in July 2026.

Quantum Systems funding rounds

Quantum Systems funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2026Series DAdvent International (lead); Airbus Defence & Space (lead); Blackstone (lead); Noteus Partners (lead); Wellington Management; Balderton Capital; Fidelity; KfW Capital; HV Capital; Bond; A.P. Moller Holding$1.2B$8BOn 2 July 2026 Quantum Systems signed a USD 1.2 billion Series D at a post-money valuation of about USD 8 billion, more than doubling its valuation from the November 2025 round. The round was co-led by Blackstone, Noteus, Airbus and Advent, with BOND, Fidelity Management & Research Company, Wellington Management, A.P. Moller Holding and Elephant Lake Ventures, and existing shareholders Balderton and HV Capital also investing. KfW Capital took part alongside HV Capital through the Scale-up Direct programme of the Deutschlandfonds. The company said the proceeds would expand production capacity, strengthen supply chain resilience, scale deliveries across allied markets and fund software and AI, as it moves from single drones to a family of systems connected by its MOSAIC UXS software. Quantum Systems generated revenue of EUR 300 million in 2025 and says it is profitable; its systems flew more than 19,000 missions in Ukraine that year. Airbus Defence and Space agreed alongside the round to deepen its strategic cooperation with the company. Quantum Systems, based in Gilching near Munich, was founded in 2015.
Nov 2025Series CBalderton Capital (lead); T.Capital$209M$3.5BOn 28 November 2025 Quantum Systems announced a EUR 180 million extension of its Series C led by Balderton Capital, tripling its valuation to more than EUR 3 billion. Together with the EUR 160 million Series C in May, the company raised EUR 340 million in 2025, which it described as the largest private capital raise in Europe's dual-use sector. Deutsche Telekom joined the round through its T.Capital Tech Fund as a strategic investor, announced in December together with a partnership to protect critical infrastructure. The proceeds are meant to expand the company across air, land and maritime systems linked by its MOSAIC UXS mission software, scale production and fund further acquisitions, after it bought and integrated AirRobot, Nordic Unmanned and Spleenlab earlier in the year. Its platforms are deployed by NATO forces in Europe and the US and in Australia, New Zealand and Ukraine, where its fleet has operated since 2022. The company employed up to 1,000 people across Germany, Ukraine, the US, Australia, Romania, the UK and the Baltic states. Quantum Systems was founded in 2015 and is based in Gilching near Munich.
May 2025Series CBalderton Capital (lead); Porsche SE; Peter Thiel; Airbus Ventures; Hensoldt; Airbus Defence & Space; Project A Ventures; Notion Capital; HV Capital; DTCP; Omnes Capital; Bullhound Capital; LP&E$182M$1BIn May 2025 Quantum Systems raised EUR 160 million in a Series C round led by Balderton Capital, which valued the company at more than USD 1 billion and made it Europe's first dual-use unicorn. New investors Hensoldt, Airbus Defence and Space, Bullhound Capital and LP&E joined existing shareholders HV Capital, Project A, Peter Thiel, DTCP, Omnes Capital, Airbus Ventures, Porsche SE and Notion Capital. The round brought the company's total funding to EUR 310 million. Quantum Systems said it would use the money to accelerate research and development in autonomous systems and AI, scale production and expand in Europe, the US and Asia-Pacific. Revenue had doubled year on year, and the acquisitions of AirRobot in Germany and Nordic Unmanned in the UK had strengthened its defence business. Its Vector AI reconnaissance drone was in service with forces in Germany, Ukraine, Australia, New Zealand and Spain, and commercial customers in mining, agriculture and infrastructure also used its systems. The company was founded in 2015 and is based in Gilching near Munich.
Sep 2024Series BNotion Capital (lead); Porsche SE (lead)$41M-In September 2024 Quantum Systems extended its Series B with almost EUR 40 million from new lead investors Notion Capital and Porsche Automobil Holding SE, with existing shareholders also participating, lifting the total Series B to about EUR 100 million from the original EUR 63.3 million. Porsche SE invested a double-digit million euro amount as part of its partnership with the investment firm DTCP. The company said the money would fund global expansion and further development of artificial intelligence and software. At the time Quantum Systems employed around 350 people, had locations in four countries and supplied more than 450 customers worldwide. Its revenue more than doubled in 2023, and it projected revenue of more than EUR 100 million for 2024. Its compact drones take off and land vertically and are used for infrastructure monitoring, disaster response, and surveillance and reconnaissance, including by the Ukrainian armed forces and the Bundeswehr. The company, founded in 2015, is based in Gilching near Munich.
Oct 2023Series BDTCP (lead); HV Capital (lead); Airbus Ventures; Thiel Capital; Bayern Kapital; Project A Ventures; Omnes Capital$67M-In October 2023 Quantum Systems closed a EUR 63.6 million Series B round led by HV Capital and DTCP, with Project A, Thiel Capital, ScaleUp Fonds Bayern (managed by Bayern Kapital), Omnes Capital and Airbus Ventures also taking part. The round took the company's total funding above EUR 100 million, making it the first European company to raise more than that sum for dual-use technology. The valuation was not disclosed. Quantum Systems had just won a contract from the German armed forces for Vector reconnaissance drones and was developing tactical drones with artificial intelligence and swarming capabilities in a partnership with Airbus Defence and Space backed by the German defence ministry. It continued to deliver Vector drones to Ukraine while serving commercial customers in agriculture, mining, inspection and construction. The company specialises in multi-sensor data-collection drones for government agencies and businesses, was founded in 2015 and is based in Gilching near Munich.
Oct 2022Undisclosed stage10x Group; Sanno Capital; Peter Thiel; Bayern Kapital; Project A Ventures$18M-In October 2022 Quantum Systems raised USD 17.5 million in a venture round from Peter Thiel, Project A, Sanno Capital, Bayern Kapital and 10x Group, taking the total capital it had raised to USD 79.2 million. Thiel, Berlin-based Project A and Munich-based Sanno Capital were new investors, while Bayern Kapital and 10x Group followed on from earlier rounds. The proceeds were earmarked for research and development in artificial intelligence, autonomy, edge computing and robotics and for expanding the sales team to meet growing European demand for unmanned aircraft systems. At the time the company was supplying Vector reconnaissance drones to Ukraine's Ministry of Defence, which had raised its profile after the Russian invasion. Its electric vertical take-off drones were also used in agriculture, mining, construction and energy, for railway inspection and for search and rescue after natural disasters. Quantum Systems was founded in 2015 and is based in Gilching near Munich.
Jun 2022Series ABayern Kapital (lead)--In June 2022 Quantum Systems announced that it had completed its Series A funding rounds, which together brought in USD 32 million (about EUR 30 million) of equity and venture debt. The latest equity came from Bayern Kapital through its Bavarian Growth Fund 2 (Wachstumsfonds Bayern 2), alongside German private investors and existing shareholders. The total also counts a venture debt loan of up to EUR 10 million that the European Investment Bank had agreed in July 2021, so the equity portion alone was not disclosed. Quantum Systems said the funds would scale production, strengthen its sales team and expand research and development in swarming, autonomous flight and artificial intelligence. Its electric vertical take-off fixed-wing drones fly for up to 90 minutes and were used for defence and security missions as well as surveying, mining, agriculture and railway inspection for customers such as Deutsche Bahn. The company was founded in 2015 and is based in Gilching near Munich.
May 2021Series A10x Group (lead); Leblon Capital--In May 2021 Quantum Systems closed a growth financing round with Munich-based 10x Group, a serial-entrepreneur investment group, for an undisclosed amount. 10x Group was joined by its affiliated partner Andrej Henkler of Leblon Capital, an early backer of Palantir, who agreed to advise the company on its global expansion, and partner Felix Haas led the investment for 10x. Quantum Systems said the money would go into its globally operating sales team, marketing, and research and development in autonomous flight and artificial intelligence, as well as further vertical integration of critical drone components. The company had grown revenue by 155 percent in 2020 compared with the previous year. Its electric vertical take-off and landing drones were used for smart farming, volume calculation in open-pit mining, construction surveying, search and rescue, tactical mapping and automated railway inspection. It ran a commercial product line for the geospatial market and a governmental line for defence, security and intelligence customers. Quantum Systems was founded in 2015 and is based in Gilching near Munich.
Jan 2017SeedESG (lead)$7M$49MIn 2017 Quantum Systems raised its first outside financing from ESG Elektroniksystem- und Logistik-GmbH, a defence electronics and IT services group based in Fürstenfeldbruck near Munich. ESG invested EUR 4 million in that first round, which valued the two-year-old start-up at about EUR 40 million, and shortly afterwards added a further EUR 2.5 million, ending up with a 16 percent stake as a strategic investor. ESG operates complex, security-relevant electronics and IT systems for the military, public authorities and companies, and had been sold by Airbus to financial investors a few years earlier. For Quantum Systems the backer offered a route towards government and defence customers, which the founders hoped to win with their own closed autopilot software. At the time the company was selling the Tron and Trinity electric vertical take-off fixed-wing drones mainly to civilian customers for surveying, mapping, mining and agriculture. Quantum Systems was founded in January 2015 in Gilching near Munich by Florian Seibel together with Tobias Kloss, Michael Kriegel and Armin Busse.

Who has invested in Quantum Systems?

28 investors have backed Quantum Systems across its funding rounds, including Balderton Capital, HV Capital, Project A Ventures, Bayern Kapital, Notion Capital and Omnes Capital.

Lead investors include Advent International, Airbus Defence & Space, Blackstone, Noteus Partners, Balderton Capital and 7 other investors.


Quantum Systems Investors

Investors in Quantum Systems by funding rounds participated
InvestorHQRoundsRoleFirst check
Balderton CapitalUnited KingdomLondon3LeadMay 2025
Bayern KapitalGermanyLandshut3LeadJun 2022
Project A VenturesGermanyBerlin3ParticipantOct 2022
HV CapitalGermanyMunich3LeadOct 2023
Porsche SEGermanyStuttgart2LeadSep 2024
10x GroupGermanyMunich2LeadMay 2021
Peter ThielUnited StatesSan Francisco, CA2ParticipantOct 2022
Airbus VenturesUnited StatesSan Francisco, CA2ParticipantOct 2023
Airbus Defence & SpaceGermanyTaufkirchen2LeadMay 2025
Notion CapitalUnited KingdomLondon2LeadSep 2024
DTCPGermanyHamburg2LeadOct 2023
Omnes CapitalFranceParis2ParticipantOct 2023
Wellington ManagementUnited StatesBoston, MA1ParticipantJul 2026

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Acquisitions by Quantum Systems

Quantum Systems has acquired 5 companies to date.

Last acquisition by Quantum Systems was on October 1st 2026. Quantum Systems acquired CEA Design for undisclosed valuation.


Latest Acquisitions by Quantum Systems

CEA Design
FERNRIDE
Spleenlab
Nordic Unmanned UK
Description
CEA Design is an Austrian engineering company that designs and develops lightweight aviation components, mainly from fibre composites. It works as a design subcontractor for aircraft producers, with a focus on light aircraft, sailplanes and small rotorcraft, and has contributed to a single-engine turboprop trainer built largely from carbon fibre composites. Customers are aircraft manufacturers and aerospace developers, and revenue comes from engineering and design services. The company was registered as a limited company in Austria in 2018 and is run by its two founding managing directors, Gernot Grabner and Clemens Knappert, who each held half of the shares. In 2026 the German defense-technology company Quantum Systems acquired a stake in it.
FERNRIDE is a Munich-headquartered developer of a comprehensive autonomy platform for ground vehicles used in container terminals, yard management, defense logistics, and hub-to-hub trucking. Its solutions integrate AI autonomy software with remote human supervision and vehicle-agnostic hardware to mitigate driver shortages and enhance safety in repetitive hazardous tasks. The company targets deployment of Europe's first fully certified autonomous trucking system in 2025.
Spleenlab is a Tel Aviv-based AI firm developing computer vision solutions for drone risk assessment, geolocation, object tracking, and detection in air and ground environments. Algorithms process real-time video feeds for applications in defense, agriculture, and search-and-rescue operations. The platform integrates with UAV hardware from DJI and Autel for automated flight path analysis and collision avoidance. Focused on edge computing, it enables low-latency decisions in contested airspace.
Nordic Unmanned UK is a London-based subsidiary of the Norwegian drone firm that supplies UAVs for inspection, surveying, and delivery in energy and logistics sectors. It offers fixed-wing and multirotor systems integrated with LiDAR and thermal cameras. Clients include BP and Network Rail, with operations compliant to CAA regulations since establishing in 2016.
HQ CountryAustriaGermanyGermanyUnited Kingdom
HQ City
-
Munich
Erfurt
-
Deal Date1 Oct 202617 Dec 202521 Oct 20258 Sep 2025
Valuationundisclosed$22Mundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Quantum Systems

Quantum Systems has invested in 1 company to date.

Latest investment by Quantum Systems was on September 8th 2026. Quantum Systems invested in Ground A in their $11M Pre-seed round.


Latest Investments by Quantum Systems

Ground A
Description
Ground A is a defense technology company that builds mobile, laser-based systems to counter unmanned aerial threats.
HQ CountryGermany
HQ City
Düsseldorf
Deal Date8 Sep 2026
RoundPre-seed
Raised$11M
InvestorsVsquared Ventures; Marlon Braumann; OVNI Capital; ABACON; An­dre­as Nau­erz; J14 Capital; Robin Capital; Florian Seibel; Leblon Capital; Global Resilience Innovation Fund (GRIF)
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Quantum Systems Competitors

Quantum Systems competitors include listed companies like UiPath and SenseTime Group, and private ones like Saronic, Shield AI, Mach Industries and SambaNova.

Public and private companies comparable to Quantum Systems
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SaronicUnited StatesAustin, TXPrivate--$9.3B-
Shield AIUnited StatesSan Diego, CAPrivate$300M-$13B42.3x
Mach IndustriesUnited StatesLos Angeles, CAPrivate--$3.7B-
UiPathRomaniaRomaniaPublicly listed$1.6B$70M$7.2B3.4x
SenseTime GroupChinaChinaPublicly listed$753M($71M)$5.9B5.2x
SambaNovaUnited StatesSan Francisco, CAPrivate$100M-$11B-

Quantum Systems Public Comps

Quantum Systems is still privately-owned, but its public comps include Kratos Defense & Security, Codan, Hanwha Systems, Aurora Innovation, UiPath, Korea Aerospace Industries, Aptiv, LIG Defense&Aerospace, Cognex and AeroVironment.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Kratos Defense & Security$1.3B$87M4.8x3.8x74.3x38.9x
Codan$615M$201M12.4x11.2x37.9x32.3x
Hanwha Systems$2.7B$240M3.6x3.2x40.9x26.8x
Aurora Innovation$3M($786M)2618.4x972.4x(10.0x)(10.1x)
UiPath$1.6B$70M3.7x3.4x85.5x13.3x
Korea Aerospace Industries$2.8B$280M3.4x2.5x33.1x28.0x
Aptiv$20B$2.2B0.7x1.0x6.4x5.6x
LIG Defense&Aerospace$3.2B$307M2.5x2.2x26.3x18.8x

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Common questions about Quantum Systems

When was Quantum Systems founded?Quantum Systems was founded in 2015.
Where is Quantum Systems headquartered?Quantum Systems is headquartered in Gilching, Germany.
Is Quantum Systems publicly listed?No, Quantum Systems is a private, VC-backed company.
What is Quantum Systems' valuation?Quantum Systems was last valued at $8B in its Series D in July 2026.
How much funding has Quantum Systems raised?Quantum Systems has raised $1.7B across 9 funding rounds.
What was Quantum Systems' last funding round?Quantum Systems' last funding round was a $1.2B Series D in July 2026, led by Advent International, Airbus Defence & Space, Blackstone and Noteus Partners.
Who are Quantum Systems' investors?Quantum Systems' investors include Balderton Capital, Bayern Kapital, Project A Ventures, HV Capital, Porsche SE, 10x Group, Peter Thiel, Airbus Ventures, Airbus Defence & Space, Notion Capital and 18 others.
What is Quantum Systems' revenue?Quantum Systems' latest recorded revenue is $330M (July 2026).
What is Quantum Systems' revenue multiple?Quantum Systems' latest valuation implies a 24.2x revenue multiple ($8B valuation on $330M of revenue).
Which companies are comparable to Quantum Systems?Companies comparable to Quantum Systems include Saronic, Shield AI, Mach Industries, UiPath, SenseTime Group and SambaNova.
How many companies has Quantum Systems acquired?Quantum Systems has acquired 5 companies, including CEA Design, FERNRIDE, Spleenlab, Nordic Unmanned UK and AirRobot.
What was the largest acquisition by Quantum Systems?The $22M acquisition of FERNRIDE in December 2025 is the largest acquisition Quantum Systems has made to date.
How many companies has Quantum Systems invested in?Quantum Systems has invested in 1 company, including Ground A.
What was Quantum Systems' last investment?In September 2026, Quantum Systems invested in Ground A's $11M pre-seed round alongside Vsquared Ventures, Marlon Braumann, OVNI Capital and 7 other investors.

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