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Quantum Systems Revenue, Valuation, Funding & Investors
Quantum Systems is valued at $8B as of July 2026, a 24.2x multiple on its last reported $330M revenue.
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
Bayern Kapital
HV Capital
Project A Ventures
10x Group
Fidelity
About Quantum Systems
Quantum Systems is a Munich-based manufacturer of AI-powered drones like Trinity Pro and Vector for defense, security, and emergency response. Its heavy-lift VTOL systems provide BVLOS reconnaissance with EO/IR payloads and real-time data analytics, serving NATO forces, border patrols, and firefighting units in Europe and the Middle East.
Founded
2015
HQ
Website
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.
The $1.2B round was led by Advent International, Airbus Defence & Space, Blackstone, Noteus Partners and KfW Capital, with participation from Wellington Management, Balderton Capital, Fidelity, Elevat3 Capital, HV Capital and 3 other investors.
Quantum Systems' valuation has grown 2.3x from $3.5B at its Series C in November 2025 to $8B in July 2026, across 3 priced rounds.
Quantum Systems valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2026 | Series D | $8B | 24.2x |
| Dec 2025 | Undisclosed stage | $3.5B | - |
| Nov 2025 | Series C | $3.5B | - |
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.
Quantum Systems revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2026 | $330M | $8B | 24.2x | Series D |
* 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 $1.8B across 10 funding rounds.
Quantum Systems' first fundraising round was a $7M seed round in January 2015. The most recent completed round was a $1.2B Series D in July 2026.
Quantum Systems funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2026 | Series D | Advent International (lead); Airbus Defence & Space (lead); Blackstone (lead); Noteus Partners (lead); KfW Capital (lead); Wellington Management; Balderton Capital; Fidelity; Elevat3 Capital; HV Capital; Elephant Ventures; Bond; A.P. Moller Holding | $1.2B | $8B | Munich-based autonomous drone maker Quantum Systems raised $1.2 billion in a Series D financing round at an $8 billion post-money valuation, co-led by Blackstone, Noteus Partners, Airbus Defence and Space, and Advent International, with participation from Bond, Fidelity Management & Research Company, Wellington Management, A.P. Moller Holding, Elephant Lake Ventures, and existing shareholders Balderton Capital and HV Capital. The round, finalized on July 2, 2026, marks the largest European defense technology financing round to date and doubles the company's valuation from approximately €3 billion in its November 2025 round. Strategically, the capital supports Quantum Systems' industrial scale-up as a leading deep-tech prime for interoperable, multi-domain autonomous capabilities across air, land, and sea in Europe, amid growing investor interest in defense technology and potential merger discussions with German strike drone startup Stark, founded by co-CEO Florian Seibel in 2024. Quantum Systems, founded by Florian Seibel, Dr. Michael Kriegel, Tobias Kloss, and Armin Busse, operates from Gilching, Germany, with approximately €300 million in revenue expected in 2025 and over €500 million targeted for 2026, while management has openly discussed a potential IPO and further funding in 2026. |
| Dec 2025 | Undisclosed stage | T.Capital (lead) | - | $3.5B | Quantum Systems, a German drone maker specializing in intelligent unmanned systems for defense and dual-use applications, develops AI, software, and hardware across air, land, and maritime domains, connected by its MOSAIC UXS mission software. Its platforms are deployed by NATO forces in Europe, the US, Australia, New Zealand, and prominently in Ukraine since 2022, with partnerships including the German Bundeswehr and Airbus Defence and Space, and deployments in Chernobyl for environmental monitoring. The company raised €180 million in a Series C extension led by Balderton Capital, with participation from Peter Thiel, Porsche Automobil Holding SE, and Notion Capital, following a €160 million Series C in May 2025, for a 2025 total of €340 million across nine rounds exceeding $410 million. This round tripled the post-money valuation to above €3 billion, marking Europe's first 'triple unicorn' in dual-use technology and the largest private capital raise in the sector. Proceeds will expand AI, software, and hardware development, scale mass production in Germany and Europe, support strategic acquisitions building on prior integrations of AirRobot, Nordic Unmanned, and Spleenlab, and grow employment to up to 1,000 across multiple countries including Germany, Ukraine, the US, Australia, Romania, the UK, and the Baltic states. |
| Nov 2025 | Series C | Balderton Capital (lead) | $209M | $3.5B | Quantum Systems, headquartered in Gilching near Munich, Germany, is a leading European provider of AI-powered dual-use unmanned systems, including reconnaissance and surveillance drones for military, government, and commercial customers. Its platforms, connected by the MOSAIC UXS multi-domain mission software, are deployed by NATO forces in Europe, the US, Australia, New Zealand, and Ukraine since 2022. The company employs nearly 1,000 people across Germany, Ukraine, the US, Australia, Romania, the UK, and the Baltic states, and has pursued aggressive M&A, acquiring AirRobot, Nordic Unmanned, and Spleenlab following its earlier Series C. On November 27-28, 2025, Quantum Systems raised €180 million in a Series C Extension led by Balderton Capital, tripling its valuation to above €3 billion and marking Europe's largest private capital raise in the dual-use technology sector for 2025. This follows a €160 million Series C in May 2025, bringing total 2025 funding to €340 million. The round positions Quantum Systems as Europe's first dual-use unicorn and the top-funded player in European unmanned systems, surpassing €133 million combined from competitors. Proceeds will accelerate development of AI, hardware, and software across air, land, and maritime domains, scale mass production in Germany and Europe to meet rising demand, and fund additional strategic acquisitions to broaden multi-domain offerings. Balderton Capital, a London-based VC with over $5.7 billion across 12 funds, emphasized Quantum Systems' technical excellence and role in European defense sovereignty amid geopolitical tensions. The company aims to lead globally in intelligent unmanned systems for securing Europe, NATO, and allies. |
| May 2025 | Series C | Balderton Capital (lead) | $182M | - | Quantum Systems, a German defense technology company founded in 2015 and headquartered in Gilching near Munich, designs and manufactures unmanned aerial systems (drones) for military, government, and commercial applications. The company has pivoted toward dual-use technology with strong emphasis on defense, supplying reconnaissance and surveillance drones to NATO forces across Europe, the US, Australia, New Zealand, and notably Ukraine since 2022. In May 2025, Quantum Systems raised €160 million in a Series C funding round, achieving unicorn status (valuation above €1 billion). Following the May round, Quantum Systems conducted a Series C Extension in November 2025, raising an additional €180 million led by Balderton Capital, alongside V Capital, DTCP, Thiel Capital, Project A, Airbus Ventures, Omnes Capital, and ScaleUp Fonds Bayern. Combined 2025 capital raises totaled €340 million. The November extension tripled the company's valuation to above €3 billion, establishing it as Europe's first "triple unicorn" in the dual-use sector. The company planned to deploy the new capital toward expanding AI, software, and hardware development for intelligent unmanned systems across air, land, and water domains, performing strategic acquisitions (including AirRobot, Nordic Unmanned, and Spleenlab), and scaling production capabilities in Germany and Europe. Quantum Systems employed approximately 1,000 people across multiple countries and aimed to support European technological sovereignty and NATO defense priorities amid rising geopolitical tensions. |
| Sep 2024 | Series B | Notion Capital (lead); Porsche SE (lead) | $41M | - | Quantum Systems is a German drone manufacturer based in Gilching, Bavaria, specializing in dual-use compact drones for defense, civil security, and commercial geospatial markets. The company produces advanced systems like those delivered in large defense contracts, including a AUD $90 million agreement with the Australian Defence Force in April 2024, and has delivered over 4,000 drones with production facilities in Munich, Los Angeles, Brisbane, and Kyiv. In September/October 2024, Quantum Systems expanded its Series B financing, raising an additional ~€40 million from Notion Capital and Porsche Automobil Holding SE, bringing the total Series B to over €100 million (originally €63.3 million). This round aimed to accelerate global expansion, AI, and software development. Investors highlighted the high market potential for drone technology, expected to grow 20% annually. Sacra estimates Quantum Systems generated $124.4 million (€115 million) in revenue in 2024, primarily from defense contracts, with management projecting over €200 million for 2025. The company has raised over $533 million (€490 million) cumulatively across nine rounds from investors including HV Capital, DTCP, Airbus Ventures, Peter Thiel, and others. Later rounds include a May 2025 Series C at over €1 billion valuation and a November 2025 extension raising €180 million, tripling valuation to $3.26 billion (€3 billion). These developments underscore strong investor confidence in Europe's defense tech sector amid sovereignty and growth themes. |
| Oct 2023 | Series B | DTCP (lead); HV Capital (lead); Airbus Ventures; Thiel Capital; Bayern Kapital; Project A Ventures; Omnes Capital | $67M | - | Quantum Systems is a Munich-based drone manufacturer specializing in dual-use AI-powered drone-robotics technology for both government and commercial clients. The company offers multi-sensor systems designed for defense, civil security, and commercial geospatial applications. In October 2023, Quantum Systems completed a €63.6 million Series B funding round led by HV Capital and DTCP, with participation from Project A Ventures, Thiel Capital, ScaleUp Fonds Bayern, Omnes Capital, and Airbus Ventures. This round brought the company's total cumulative funding to over €100 million at that time. The Series B valuation was not publicly disclosed. By 2024, Quantum Systems had generated €115 million in revenue (approximately $124.4 million USD), driven primarily by large defense contracts including a AUD $90 million agreement with the Australian Defence Force signed in April 2024. The company has delivered over 4,000 drones to date and operates production facilities in Munich, Los Angeles, Brisbane, and Kyiv. Subsequent rounds in 2025 revealed significant valuation growth, with a May 2025 Series C valuation of €1 billion and a November 2025 extension tripling the valuation to €3 billion. |
| Oct 2022 | Undisclosed stage | 10x Group; Sanno Capital; Peter Thiel; Bayern Kapital; Project A Ventures | $18M | - | - |
| Jun 2022 | Series A | Bayern Kapital (lead); European Investment Bank | $32M | - | - |
| Mar 2021 | Series A | 10x Group (lead) | $10M | - | Quantum Systems GmbH, a Munich-based developer of small Unmanned Aircraft Systems (sUAS) with electric vertical take-off and landing capabilities and onboard edge AI, closed an undisclosed growth funding round from 10x Group in early 2021. The investment, supported by 10x Group's affiliated partner Andrej Henkler from Leblon Capital, aimed to expand the global sales team and capitalize on market demand for next-generation drones. Funds were allocated to sales, marketing, and R&D to position Quantum Systems as the pan-European leader in the sector. |
| Jan 2015 | Seed | ESG (lead) | $7M | - | - |
Who has invested in Quantum Systems?
27 investors have backed Quantum Systems across its funding rounds, including Balderton Capital, Bayern Kapital, HV Capital, Project A Ventures, 10x Group and Fidelity.
Lead investors include Advent International, Airbus Defence & Space, Blackstone, Noteus Partners, KfW Capital and 9 other investors.
Quantum Systems Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | May 2025 | ||
| 3 | Lead | Jun 2022 | ||
| 2 | Lead | Mar 2021 | ||
| 2 | Participant | Oct 2022 | ||
| 2 | Lead | Oct 2023 | ||
| 1 | Lead | Sep 2024 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Lead | Jan 2015 | ||
| 1 | Participant | Oct 2022 | ||
| 1 | Participant | Jul 2026 | ||
| 1 | Participant | Oct 2022 | ||
| 1 | Lead | Jul 2026 | ||
| 1 | Participant | Oct 2023 | ||
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Start Free TrialAcquisitions by Quantum Systems
Quantum Systems has acquired 4 companies to date.
Last acquisition by Quantum Systems was on December 17th 2025. Quantum Systems acquired FERNRIDE for $22M.
Latest Acquisitions by Quantum Systems
| Description | 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. | AirRobot GmbH & Co. KG is a manufacturer of mini and micro unmanned aerial vehicle systems for applications in surveillance, inspection, and research. Arnsberg-headquartered, the company produces UAVs with high-resolution cameras and thermal imaging for industrial and security uses. AirRobot serves global clients in defense, public safety, and infrastructure monitoring, offering customizable drone solutions since its establishment in Germany. |
| HQ Country | ||||
| HQ City | Munich | Erfurt | - | Arnsberg |
| Deal Date | 17 Dec 2025 | 21 Oct 2025 | 8 Sep 2025 | 10 Mar 2025 |
| Valuation | $22M | undisclosed | undisclosed | undisclosed |
| 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
| Description | Ground A is a defense technology company that builds mobile, laser-based systems to counter unmanned aerial threats. |
| HQ Country | |
| HQ City | Düsseldorf |
| Deal Date | 8 Sep 2026 |
| Round | Pre-seed |
| Raised | $11M |
| Investors | Vsquared Ventures; Marlon Braumann; OVNI Capital; ABACON; Andreas Nauerz; J14 Capital; Robin Capital; Florian Seibel; Leblon Capital; Global Resilience Innovation Fund (GRIF) |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
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Quantum Systems Competitors
Quantum Systems competitors include listed companies like Infleqtion and UiPath, and private ones like Generalist AI, Saronic, Shield AI and Mach Industries.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $29M | ($52M) | $3.1B | 64.5x | ||
| Private | - | - | $3B | - | ||
| Private | $200M | - | $9.3B | 46.3x | ||
| Private | $540M | - | $13B | 23.5x | ||
| Private | - | - | $3.7B | - | ||
| Publicly listed | $1.6B | $70M | $7.2B | 3.5x |
Quantum Systems Public Comps
Quantum Systems is still privately-owned, but its public comps include Guide Infrared, AeroVironment, UiPath, Kratos Defense & Security, Kuang-Chi, Aptiv, Mobileye, Korea Aerospace Industries, ESCO Technologies and Codan.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $689M | $176M | 11.2x | 9.3x | 43.8x | - | |||
| $2B | ($35M) | 4.3x | 4.2x | (245.2x) | 28.5x | |||
| $1.6B | $70M | 3.7x | 3.5x | 85.8x | 13.7x | |||
| $1.3B | $87M | 5.7x | 4.6x | 88.1x | 48.1x | |||
| $305M | $132M | 27.4x | - | 63.3x | - | |||
| $20B | $2.2B | 0.7x | 0.9x | 6.3x | 5.4x | |||
| $1.9B | $140M | 2.8x | 2.7x | 38.5x | 12.3x | |||
| $2.7B | $273M | 4.2x | 3.3x | 41.6x | 35.5x | |||
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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 $1.8B across 10 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, Noteus Partners and 1 other investor. |
| Who are Quantum Systems' investors? | Quantum Systems' investors include Balderton Capital, Bayern Kapital, 10x Group, Project A Ventures, HV Capital, Porsche SE, Wellington Management, ESG, Sanno Capital, Fidelity and 17 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 Infleqtion, Generalist AI, Saronic, Shield AI, Mach Industries and UiPath. |
| How many companies has Quantum Systems acquired? | Quantum Systems has acquired 4 companies, including 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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