Reported 14 days ago
German drone manufacturer Quantum Systems is nearing a €150 million funding round that may triple its valuation to €3 billion. The company is experiencing increased demand for its drone 'Jaeger', designed to intercept drones, after recent disruptions at major airports. Quantum plans to expand by acquiring startups and technology providers, with projected revenues of €300 million in 2025 and over €500 million by 2026. A larger funding round is scheduled for 2026, potentially raising its valuation to €5 billion.
Source: YAHOO