Germany-based Quantum-Systems, a developer, designer, and manufacturer of advanced unmanned aerial systems (UAS), announced that it has raised an undisclosed amount of funding in a round led by new investors Peter Theil, Project A, and Sanno Capital.
Existing Investors Bayern Kapital and 10x Group also participated in the round.
Peter Thiel says, “The future of UAS is in neither software nor hardware alone, but in the intelligent synthesis of the two. With that understanding, Quantum-Systems is a leap ahead of its competition.”
Funding enables an aggressive sales aspect
Quantum-Systems says the funds will be used to accelerate its R&D investment in artificial intelligence, autonomy, edge computing, and robotics. The company says that this will provide its advanced airframes with sophisticated software.