Peter Thiel, Project A, and Sanno Capital invest in German Drone Robotics Leader Quantum-Systems

Peter Thiel, Project A, and Sanno Capital invest in German Drone Robotics Leader Quantum-Systems

Germany, Munich, October 16th, 2022 – Quantum-Systems GmbH, an innovative developer, designer, and manufacturer of advanced unmanned aerial systems (UAS), today announced the closing of a financing round with new investors Peter Thiel, Project A, and Sanno Capital.  
Founded in 2015, Quantum-Systems is at the forefront of UAS development. Its electric vertical take-off and landing (eVTOL) systems boast industry-leading flight endurance, ease of operation, and reliability. Customers in the public and private sectors alike use Quantum-Systems’ versatile UAS for security, defence, humanitarian, and geospatial operations.  
This injection of capital will accelerate the company’s R&D investment into artificial intelligence, autonomy, edge computing, and robotics, bringing a sophisticated software layer to Quantum-Systems’ advanced airframes. This round of funding also allows Quantum-Systems to more aggressively pursue sales to meet growing demand across Europe for sophisticated UAS, in sectors ranging from defence, to agriculture, to mining, to construction, to energy. Customers can use Quantum’s UAS in a variety of use cases, including search and rescue operations after natural disasters, automated railway inspections after severe weather, and for aerial data intelligence on large-scale construction operations.  

“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.”  

Peter Thiel

Technology entrepreneur and venture capitalist

American and Israeli companies have historically dominated the drone market. We are excited to see Quantum-Systems step up and provide a homegrown European solution that doesn’t sacrifice tech quality.
Uwe Horstmann

General Partner, Project A

Whether in agriculture, construction, or observation for humanitarian operations and reconnaissance, Quantum’s UAS cover an immense range of applications. The company offers the innovation potential to build the European champion in its field through best-in-class sensor solutions and AI.
Florian Moerth

CEO, Sanno Capital

The next chapter in our growth is taking our first-class hardware, which our customers love, and investing heavily in the software to bring it to the next level. That includes artificial intelligence, which will enhance our ability to provide situational awareness to our operators; edge computing, which facilitates real-time data processing onboard our UAS; and new elements in our mission planning software, which allows operators to orchestrate complex operations with the click of a button.
Florian Seibel

CEO, Quantum-Systems

Existing investor Bayern Kapital also participated in the round. With the addition of the new investors, early key investor 10x Group sees Quantum Systems as very well positioned to become the leading European UAS champion. 
About Quantum-Systems

Quantum-Systems specializes in the development, design, and production of small Unmanned Aerial Systems (sUAS). The company’s range of electric vertical take-off and landing (eVTOL) sUAS are built to maximize range and versatility and provide operators with a seamless user experience. By integrating cutting-edge software capabilities like edge computing and real-time AI-powered data processing, Quantum-Systems is building next-generation UAS for clients in security, defence, public safety, commercial, and geospatial operations across Europe. 

Quantum-Systems was founded in 2015 and is headquartered at Special Airport Oberpfaffenhofen, 20 km west of Munich.

For more information about Quantum-Systems, visit www.quantum-systems.com. 

Press Contact:
Claudia Steinhoff
Phone: +49 (0)8105 7709 128

Series A Funding Rounds completed: Bayern Kapital invests in Quantum-Systems

Series A Funding Rounds completed: Bayern Kapital invests in Quantum-Systems

On course for growth: Bayern Kapital with the Bavarian Growth Fund 2 invests in Quantum-Systems

Quantum-Systems, innovative developer, designer, and producer of advanced eVTOL UAVs, together with Bayern Kapital and its Bavarian Growth Fund 2, renowned German private investors, and existing investors, as well as the European Investment Bank EIB has completed its Series A funding rounds with a total of 32 million USD equity and venture debt.

Quantum-Systems, founded in 2015, develops drones with a fixed-wing flight mode that enables long travel times, long ranges, and quiet flight. The drones are capable of vertical take-off and landing. The founders successfully registered a patent for a vertically launchable unmanned transition aircraft in 2012. After a short transition phase, the motors swing into a flight position and the drone flies like an airplane using aerodynamic and electrical efficiency. And it does so for up to 90 minutes – comparable models from other manufacturers do not achieve this flight time.

Increasing demand and growing areas of application

The drones serve a variety of use cases both in the defence and security sector, as well as for the geospatial industry. They can be used in search and rescue operations after natural disasters like floods. Further areas of applications are smart farming, volume calculation in open-pit mining, surveying work for large construction sites, real-time situational awareness, tactical mapping, and automated railway inspection.

We are seeing a constantly growing interest in our unique UAV systems from governments as well as leading enterprises around the globe. They use our drones for applications like irrigation optimization in agriculture, progress monitoring in open pit mining, surveying work for large construction sites, real-time situational awareness and in Search and Rescue (SAR) scenarios. The Deutsche Bahn inspects their railway network with our automatically operated drones for instance after severe weather events. The Series A round will allow us to further scale our production and establish ourselves as the international standard in eVTOL UAVs by increasing investment in our development capabilities and sales team. We thank our investors and look forward to continuing successful collaboration.
Frank Thieser

CFO & CSO, Quantum-Systems

Quantum-Systems technology promises competitive advantages in areas like flight endurance, ease of operation, reliability, flying in windy conditions, and autonomous flying abilities. The company targets the growing governmental market — where a limited number of companies based in the United States and Israel have historically provided systems — and the commercial market.
Vertical take-off and landing drones have started to change how our customers operate their systems today. With the fresh capital, we will expand our research and development capacities in the areas of swarming, autonomous flight, and artificial intelligence. We will continue to lead this field.
Florian Seibel

CEO, Quantum-Systems GmbH

Tailwind for promising pioneers

“The Bavarian Growth Fund is an important instrument for strengthening the competitiveness of the Bavarian economy,” said Bavaria’s Minister of Economics Aiwanger. “This helps small and medium-sized enterprises to turn new ideas into concrete innovations. Young Bavarian high-tech companies in particular need capital to be able to compete in international growth markets. The young company can use the fresh funding to expand its research, development, and sales capacities in the fields of autonomous flying and artificial intelligence. Ultimately, Bavaria as a business location benefits from every development of new technologies.”

“Today, there is hardly an industry that is not thinking about the opportunities presented by the use of drones, and there are already plenty of successful customer examples,” said Monika Steger, Managing Director at Bayern Kapital. “Quantum-Systems convinces us equally with its powerful, efficient technology and its brilliant starting position for an international market with enormously high growth potential. We are delighted to have a Bavarian company with outstanding management that is helping to shape digitalization and the next stage of conquering airspace for the future.”

 

Vector Search and Rescue
TrinityF90Plus_Mining Application
About Quantum-Systems
 
Quantum-Systems GmbH develops and deploys small Unmanned Aircraft Systems (sUAS) for the geospatial community (commercial product line) and the defence, security, and intelligence community (governmental product line), providing unprecedented data quality, efficiency, and operational usability.

The fully autonomous sUAS with AI edge computing capabilities enable its users to capitalise on the emerging megatrend of autonomous sUAS data acquisition solutions that will open entirely new markets and applications. All Quantum-Systems sUAS combine eVTOL (electrical vertical take-off and landing) capabilities with long-range utilising electrical and aerodynamic efficiency.

The continuous integration of state-of-the-art sensors into the systems allows for increased aerial data intelligence.

Press Contact:

Quantum-Systems GmbH
Claudia Steinhoff
Dornierstr. 11
82205 Gilching
csteinhoff@quantum-systems.com
www.quantum-systems.com
+49 8105 7709 128

Joint Press Release: EIB supports Quantum-Systems with venture dept

Joint Press Release: EIB supports Quantum-Systems with venture dept

  • The EIB loan is part of the European Growth Finance Facility that offers startups an alternative to finding additional shareholders.
  • Quantum-Systems drones combine vertical take-off and landing-capabilities with long-range surveillance capabilities that can help governments in cases of natural catastrophes like the recent floods in Germany, Belgium and the Netherlands.
  • Munich-based FCF Fox Corporate Finance supported Quantum-Systems as an advisor.

The European Investment Bank (EIB) and Quantum-Systems have concluded a loan agreement of up to €10 million to further develop capabilities in the areas of autonomous flight and artificial intelligence.

Quantum-Systems, founded in 2015, successfully developed drones with a wing flight mode that enables long travel times, long ranges and quiet flight by utilising electrical and aerodynamic efficiency. The drones are capable of vertical take-off and landing. The founders registered a patent for a vertically launchable unmanned transition aircraft in 2012.

The drones can be used in search and rescue operations after catastrophes like the recent floods in Germany, Belgium, Luxembourg and the Netherlands. Further areas of applications are smart farming, volume calculation in open-pit mining, surveying work for large construction sites, real-time situational awareness, tactical mapping and automated railway inspection.

Quantum-Systems’ technology promises competitive advantages in areas like coverage, reliability, endurance, flights in windy conditions, high flight speed and autonomous flying abilities. The company targets the growing governmental market — where a limited number of companies based in the United States and Israel have historically provided systems — and the commercial market.

The EIB loan is part of the European Growth Finance Facility (EGFF), via which innovative startups can get a debt alternative to equity financing. The EIB thereby offers startups an alternative to finding additional shareholders and allows the founders to retain majority ownership. The programme is part of the European Fund for Strategic Investment (EFSI).

“We are proud of this unique funding product that met an urgent demand. Venture debt protects ownership, fuels growth and helps to bring new technologies to the market,” said EIB Vice-President Ambroise Fayolle, responsible for projects in Germany and engagements related to the environment, climate action and the circular economy. “If we want to support the market leaders of tomorrow, we need to take certain risks. We believe in the potential of the companies that we support and are committed to helping them grow by providing tailor-made financing.”

European Commissioner Mariya Gabriel, responsible for Innovation, Research, Culture, Education and Youth praised the European Union’s innovation programme, saying: “We are glad to enable new ideas to be turned into concrete innovations by big and small entrepreneurs, improving our collective prosperity. The EGFF is an essential instrument to foster the competitiveness of European economy.”

“With the fresh capital, we want to expand our research and development capacities in the areas of autonomous flight and artificial intelligence and drive the further vertical integration of system-critical components of the vertical take-off and landing drones,” said Florian Seibel, CEO and co-founder of Quantum Systems. “The funds are used to increase sales and marketing measures as well as the ramp-up of production and operations, supporting the company’s strong growth.” In 2020, Quantum Systems achieved a 155% increase in revenue compared to the previous year.

The advisors of FCF Fox Corporate Finance supported Quantum-Systems in its search for financing. “Especially for young and innovative companies, the EIB’s venture debt financing offers enormous advantages in financing growth measures such as R&D, sales, marketing or building-up working,” said FCF-Director Florian Theyermann. “One of the advantages of such an EIB loan is that, in contrast to a capital increase, the founder’s shares are not diluted.

Background information

EIB

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

Investment Plan for Europe

The Investment Plan for Europe is one of the EU’s top priorities to boost investment and to create jobs and growth by making smarter use of existing and new financial resources. The EIB Group is playing a vital role in this investment drive. Through guarantees from the European Fund for Strategic Investments (EFSI), the EIB and the EIF are able to take on a higher share of project risk, encouraging private finance providers to participate in projects. In addition, EFSI is accompanied by a new advisory service, the European Investment Advisory Hub, which enables public and private project operators to structure their investment projects more professionally. The projects and agreements approved for financing under EFSI so far are expected to mobilise €546.5 billion in investments and support more than 1.4 million start-ups and small and medium-sized enterprises (SMEs) across all EU Member States.

EGFF

The European Growth Finance Facility (EGFF), as part of EFSI, provides venture debt financing for innovative startups. Innovative startups can get either get a debt alternative to equity financing or add-on debt financing to capital increases in order to raise the total financing amount. The EIB thereby offers startups an alternative to finding additional shareholders.

Quantum-Systems

Quantum-Systems GmbH develops and deploys small Unmanned Aircraft Systems (sUAS) for the geospatial community (commercial product line) and the defence, security, and intelligence community (governmental product line), providing unprecedented data quality, efficiency, and operational usability.

The fully autonomous sUAS with AI edge computing capabilities enable its users to capitalise on the emerging megatrend of autonomous sUAS data acquisition solutions that will open entirely new markets and applications. All Quantum Systems sUAS combine eVTOL (electrical vertical take-off and landing) capabilities with long-range utilising electrical and aerodynamic efficiency.

The continuous integration of state-of-the-art sensors into the systems allows for increased aerial data intelligence. Quantum-Systems was founded in 2015 and is headquartered at Special Airport Oberpfaffenhofen, 20 km west of Munich.

FCF Fox Corporate Finance

FCF is a specialised investment bank and a financing specialist, advising public and private small/mid-market companies in German-speaking regions. FCF structures, arranges and places equity and debt capital transactions and supports its clients’ growth, IPO/pre-IPO, acquisition and standard balance sheet (re-)financing strategies.

Founded in 2005 and headquartered in Munich, FCF has direct relationships and works with all leading German, European and international financiers, lenders and investors addressing German small/mid-cap companies. 

Press Contacts

Donata Riedel, d.riedel@eib.org, tel.: +49 30 590047 912, mobile: +49 151 1465 9021
Website: www.eib.org/press – Press Office: +352 4379 21000 – press@eib.org

Florian Theyermann, florian.theyermann@fcf.de, tel.:  +49 172 83 95737
Website: www.fcf.de

Claudia Steinhoff, csteinhoff@quantum-systems.com, tel.: +49 8105 24150 64
Website:
https://www.quantum-systems.com/

 

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