German startup raises $32M to develop autonomous drone swarms
Germany-based Quantum Systems, the maker of the popular fixed-wing Trinity and Vector/Scorpion eVTOL drones, has raised $32 million through a mix of equity and debt financing in its Series A funding round.
The round was led by venture capital from Bayern Kapital, which was founded by the Bavarian government in 1995. Several German private investors and European Investment Bank, an existing investor, also participated.
With an incredible flight time of 90 minutes, the drones made by Quantum Systems serve a variety of use cases both in the defense and security sector, as well as for the geospatial industry. They can be used in search and rescue operations after natural disasters like floods, or leveraged for applications such as smart farming, volume calculation in open-pit mining, surveying work for large construction sites, real-time situational awareness, tactical mapping, and automated railway inspection.
Florian Seibel, CEO of Quantum Systems, says: