Peter Thiel is backing a new drone startup.
What’s happening:
- Munich based drone startup Quantum Systems has raised €63.6M in a Series B financing round
- The new round saw notable participation from Thiel Ventures, HV Capital, Project A, Airbus Ventures and more
The big idea:
- Quantum Systems uses AI powered drone technology to provide aerial intelligence for large area mapping, disaster prevention, environmental research and more
- Both governments and private companies partner with Quantum Systems to utilize their aerial intelligence technology
- Quantum Systems is aiming to build both the hardware and the software required to power real time insights through their drones
By the numbers:
- Over €100M in venture funding has gone into Quantum Systems since inception
- Drones manufactured by Quantum Systems have flown a combined 175,000 hours in the air
The intrigue:
- Quantum Systems recently announced a partnership with the German Armed Forces in order to use their drone technology to strengthen security in Europe
