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Funding Round · Pentagon · Germany ·

Autonomous drone firm Quantum Systems raises $1.2 billion as investors pile into defense

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Autonomous defense startup Quantum Systems raised $1.2 billion in a Series D funding round, the company announced on Thursday, giving it a valuation of around $8 billion on a post-money basis.

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It comes amid a flurry of activity in the defense sector as investors race to throw cash behind a new generation of companies developing military technology. Quantum Systems, which is developing unmanned systems for land, air and sea, said the funding round was co-led by Blackstone, Noteus, Airbus and Advent, with participation from Bond, Fidelity Management and Research Company, Balderton and HV Capital. "Defense will be defined by autonomous systems that can operate together across domains in real time," Florian Seibel, co-CEO and co-founder of the German start-up, said in a statement. "With Quantum Systems, they are building a next generation neo prime that has the potential to disrupt defense as they know it today.

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