Quantum Systems Doubles Valuation to $8B in New Round
Quantum Systems has raised $1.2 billion in a funding round, more than doubling the German drone startup’s valuation to about $8 billion post-money. The firm is one of a number of German startups making unmanned aerial vehicles that are benefiting from a surge in military spending in Europe. Co-CEO Sven Kruk spoke to Bloomberg The Opening Trade on July 2 about the startup's potential growth, consolidation in the sector, and Europe's defense spending ambitions. (Source: Bloomberg)
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