A German drone company backed by Peter Thiel and operating in Ukraine since the Russian invasion raised €63.6 million ($67 million) in new funding.
Quantum Systems’ Series B round was led by HV Capital and DTCP Capital, and backed by Airbus Ventures, Thiel Ventures and Project A, the Munich-based company said in a statement on Tuesday. It comes after the startup signed a deal with the German army for its Vector reconnaissance drones.
“We are excited to back Quantum Systems’ vision for global leadership in AI-powered drone robotics,” HV Capital General Partner Christian Saller said in the statement. “The team has showcased their ability to sustain a technological advantage.”
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