Quantum Systems, the German maker of AI-powered military drones, is reportedly in talks to raise roughly €600 million in fresh funding that would push its valuation to between €7 billion and €8 billion. That’s roughly double the €3 billion-plus valuation the company secured just months ago, in what amounts to one of the fastest valuation climbs in European defense tech history.
From Series C to potential defense juggernaut
In May 2025, the company pulled in €160 million in a Series C round led by Balderton Capital. By November 2025, it tacked on another €180 million in a Series C extension, bringing total 2025 funding to €340 million and tripling its valuation to over €3 billion.
The investor roster includes Peter Thiel, Airbus Ventures, and Porsche SE. Quantum Systems builds actual hardware: the Tron, Vector, and Jaeger drone series that serve defense, emergency response, and commercial applications.
The company has projected revenues of around €300 million for 2025, which means its potential new valuation would represent roughly a 23-27x revenue multiple.
