German drone developer Quantum Systems has increased its valuation to more than 3 billion Euros following a new round of financing of up to 180 million (around 208.7 million) this time round, the company announced on Thursday.
The move is an indication of increasing demand for drone security solutions with high features globally- particularly at the time when large-scale airports have been experiencing increasing cases of unauthorized drones.
Investor Confidence in New Jaeger Drones
The most recent unmanned aerial vehicle of the company, Jaeger is designed to detect and intercept any hostile drone, which has become even more significant to the security and defense services of the aviation industry.
Co-founder and co-CEO Florian Seibel added that the new valuation reflects the team in its capability to create strong, real world systems: Triple unicorn status represents the fact that our team can create systems and a company that works in the most challenging real worlds.
Quantum Systems ensured that the raised capital will be used to support:
- Sophisticated product development.
- Strategic acquisitions
- Increasing the capacity to produce.
Other key investors in the company like Porsche SE are major investors that have enhanced the company credibility and potential of growth in the market.
Increased Demand of drone defense solutions
The influx of funding is due to heightened security-related issues at airports where drone intrusions have led to frequent airport disruptions. This has been the environment that has contributed to making Quantum Systems one of the most promising defence-tech innovators in Europe.
They are now the company that is considered to be a triple unicorn as the funding round has made it a company with values above three billion dollars that is privately owned.
