Defense Startup Quantum Systems Triples Valuation to €3 Billion
PositiveArtificial Intelligence

- Quantum Systems, a German drone manufacturer supported by Peter Thiel, has successfully tripled its valuation to €3 billion ($3.5 billion) following a recent funding round aimed at expanding its production capacity of unmanned aerial systems.
- This significant increase in valuation underscores the growing investor confidence in Quantum Systems and its potential to enhance capabilities in the defense sector, particularly in the development and deployment of advanced drone technologies.
- The rise of Quantum Systems reflects a broader trend in the technology landscape, where companies in Germany are increasingly attracting investment, particularly in sectors like defense and quantum computing, as evidenced by other firms considering substantial sales amid rising interest in innovative technologies.
— via World Pulse Now AI Editorial System


