Business
German Drone Maker Quantum Systems Raises Funding at $8 Billion Valuation
Quantum Systems said it had raised $1.2 billion at a valuation of roughly $8 billion, bringing in fresh capital to expand drone production and invest in software for autonomous systems powered by artificial intelligence.
The startup said European aircraft maker Airbus, asset manager Blackstone, private-equity firm Advent and equity investor Noteus Partners co-led the financing round, which also attracted interest from technology investment firm BOND, financial services firm Fidelity Investments, asset manager Wellington Management, investment firm A.P. Moller Holding, venture-capital firm Elephant Lake Ventures and existing shareholders like Balderton and HV Capital.
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