“The need for sovereign, aerial intelligence has never been more pressing. Our systems, a powerful blend of hardware and software, are built for the realities of modern defence and security challenges--they are autonomous, interoperable and proven under harsh conditions. With support from our new and existing investors, we are ready to become the European leader in robotised and AI-powered aerial intelligence solutions, providing both public and commercial customers with the high-quality, accurate data they need for daily decision-making.” One of Quantum Systems’ co-CEOs, Florian Seibel--a former officer in the German armed forces and aerospace engineer from the University of Munich--sets the company’s course.
Founded in 2015, Munich-based Quantum Systems builds unmanned aerial systems that merge artificial intelligence, edge computing, autonomy and electric vertical take-off and landing technology. It aims to advance Europe’s intelligence, surveillance, reconnaissance capabilities and strategic autonomy, urgent priorities that have come into the spotlight with Russia’s full-scale invasion of Ukraine, the (which plans to mobilise €800bn for the continent’s defence) and . Quantum Systems in February, for instance, said that it was doubling its production capacity in Ukraine in 2025. That’s “a direct response to the critical need for cutting-edge drone technology on the battlefield,” stated Quantum Systems’ co-CEO Sven Kruck at the time.
The company on 6 May announced that it had raised a €160m series C round, bringing its total raise to €310m and officially making Quantum Systems a unicorn. The funding will be used to accelerate research and development in its AI-powered unmanned systems, expand production and develop software.
The round was led by Balderton Capital, with participation from Bullhound Capital, Hensoldt, Airbus Defence and Space, LP&E AG and continued support from the company’s existing investors (HV Capital, Project A, Peter Thiel, DTCP, Omnes Capital, Airbus Ventures, Porsche Automobil Holding SE and Notion Capital).
Bullhound Capital--headquartered in Esch-sur-Alzette--invested €20m through GP Bullhound Fund VI, marking the fund’s third investment in dual-use technologies. Their investment was supported by the (a partnership between the Société Nationale de Crédit et d’Investissement and the European Investment Fund that aims to finance innovation in the grand duchy) and the European Investment Fund--with capital from the German Future Fund-EIF Growth Facility, including matching contributions from both Germany’s ERP and the EIF.
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Launched in 2023, the Luxembourg Future Fund 2 aims to support the diversification and sustainable development of the grand duchy’s economy. It has €200m in total financing commitments between the SNCI (up to €160m) and the EIF (up to €40m).
“Critical innovation in defence”
Concretely, Quantum Systems develops drones, cameras, software, unmanned aerial systems and sensors for both commercial and government use. Vector AI, for example, is a mid-range, fixed-wing unmanned aerial system that uses electric vertical take-off and landing technology. It is equipped with onboard computing power and AI capabilities and has already been tested on the battlefield in Ukraine, providing imagery to operators performing reconnaissance missions. On the commercial side, the company’s Trinity Pro is a mapping drone that provides users with the choice of five different integrated cameras.
Quantum Systems is at the forefront of autonomous aerial intelligence, driving critical innovation in defence and AI technologies.
“Quantum Systems is at the forefront of autonomous aerial intelligence, driving critical innovation in defence and AI technologies,” commented Bullhound Capital’s managing partner Per Roman. “We are proud to invest in Florian, Sven and their outstanding team as they scale globally and strengthen Europe’s leadership in this strategically important sector.”
Bullhound Capital is the Luxembourg-based investment management arm of technology advisory and investment firm GP Bullhound. It officially separated from GP Bullhound and became a distinct legal entity at the end of April. It counts more than €1bn under management and has invested in companies like Spotify, Klarna, Revolut, Slack, Unity, ConnexAI and Ecovadis.