Quantum Systems raises $1.2bn and doubles its valuation to $8bn as defence money floods in
AI Today Summary
Quantum Systems, a German autonomous drone manufacturer, has secured $1.2 billion in Series D funding, doubling its valuation to approximately $8 billion. The company, which has deployed drones extensively in Ukraine, plans to use the funds to expand production, enhance its supply chain, enter new markets, invest in AI, and pursue acquisitions. This funding round reflects a broader surge in investment in defence-tech startups, particularly in Europe and the US.
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