Quantum-Systems Raises Growth Funding from 10x Group
Quantum-Systems GmbH, Munich-based manufacturer of small Unmanned Aircraft Systems (sUAS), announced that it has closed an additional round of financing and raised an undisclosed amount from also Munich-based 10x Group. The investment round will support the company’s continued expansion as it takes advantage of accelerating market demand for next-generation sUAS with electric vertical take-off and landing capabilities and onboard edge AI.
Quantum-Systems has achieved a 155% growth rate in revenue in the year 2020 compared to the previous year and has built a global customer base, which is using Quantum-Systems’ drone platform for missions like smart farming, volume calculation in open-pit mining, surveying work for large construction sites, real-time situational awareness, tactical mapping, Search and Rescue (SAR) and automated railway inspection.
Demo use cases also include the transport of medications and blood reserves. With this growth funding, Quantum-Systems intends to further accelerate its growth strategy towards building the pan-European leader and will substantially invest into sales, marketing, and R&D.
-Florian Sebel CEO, Quantum-Systems GmbH
More financial and networking resources to drive the company’s development.10x Group will support Quantum-Systems with its continuous growth plans. Key initiatives are the expansion of the globally operating sales team, the expansion of R&D capacities in the field of autonomous flying and artificial intelligence as well as further vertical integration of system-critical components of the eVTOL drones.
Quantum-Systems’ unique technology and easy-to-use software form the company’s opportunities for drones within the commercial and governmental space. The new EU framework on the future operation of drones, which successfully passed the German Parliament last week, finally makes Germany the country with the most innovative regulatory rule set in the world.
-Felix Haas, Partner at 10x Group and lead for Quantum-Systems GmbH, 10x Group
10x Group is joined in this investment round by their affiliated partner Andrej Henkler from Leblon Capital. Mr. Henkler is an early backer of multiple US successes like Palantir and will advise Quantum-Systems on the upcoming global expansion.
Source: Press Release
