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Quantum Systems More Than Doubles Valuation to $8 Billion in New Round

Quantum Systems More Than Doubles Valuation to $8 Billion in New Round
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Quantum Systems More Than Doubles Valuation to $8 Billion 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, in the latest example of investors’ enthusiasm for defense-related bets. The financing was co-led by Blackstone Inc., Noteus, Airbus SE, and Advent and will be used to expand commercial operations internationally, increase production capacity and pursue acquisitions, the...

Quantum Systems More Than Doubles Valuation to $8 Billion 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, in the latest example of investors’ enthusiasm for defense-related bets. The financing was co-led by Blackstone Inc., Noteus, Airbus SE, and Advent and will be used to expand commercial operations internationally, increase production capacity and pursue acquisitions, the company said in a statement Thursday. A small portion of it was secondary, it added. Bloomberg News previously reported on the plans.
Quantum Systems (ORG) New Round Quantum Systems (ORG) German (ORG) Blackstone Inc. (ORG) Noteus (LOCATION) Airbus SE (ORG) Advent (ORG) Bloomberg News (ORG)
Originally published by Bloomberg Markets Read original →