HENSOLDT entry into Quantum Systems at €160 million Series C

Munich/Gilching — HENSOLDT is part of the group of inves­tors provi­ding Quan­tum Systems with a Series C finan­cing of 160 million euros. Quan­tum Systems, a leading provi­der of AI-powered aerial recon­nais­sance systems for defense, public safety and indus­try, is head­quar­te­red in Gilching near Munich. The parties have agreed not to disc­lose details of the transaction.

The Series C round was led by Balder­ton Capi­tal. Other new inves­tors include Hensoldt, Airbus Defense and Space, Bull­hound Capi­tal and LP&E AG. Exis­ting inves­tors HV Capi­tal, Project A, Peter Thiel, DTCP, Omnes Capi­tal, Notion and Porsche SE also parti­ci­pa­ted again. 

Quan­tum Systems has appar­ently reached a valua­tion of more than one billion USD with this round. “This brings our total funding volume to 310 million euros and offi­ci­ally makes us a unicorn,” the company writes in a post on Linke­din.

The Munich-based company intends to use the finan­cing in parti­cu­lar to acce­le­rate its global expan­sion, scale its produc­tion capa­ci­ties and further deve­lop its auto­no­mous drone systems, soft­ware and AI technologies.

Gibson Dunn advi­sed HENSOLDT on its acqui­si­tion of Quan­tum Systems, a leading provi­der of advan­ced unman­ned aerial recon­nais­sance systems.

At HENSOLDT, Dr. Caro­lin Weirauch (Head of Corpo­rate Legal) and Matthias Palin­kasch (Senior Legal Coun­sel) were in charge of the transaction.

Advi­sor HENSOLDT: Gibson Dunn
was led by Munich part­ner Sonja Rutt­mann and included Munich asso­cia­tes David Lübke­meier, Johan­nes Reul and Georg Bilek. Part­ner Kai Gesing and asso­ciate Chris­toph Jacob (both Munich) advi­sed on technology/IP and data protec­tion. Part­ner Dr. Lars Peter­sen and asso­cia­tes Dr. Vanessa Ludwig and Simon Ruhland (all Frank­furt) advi­sed on regu­la­tory issues and compli­ance. Part­ner Benja­min Rapp (Munich) advi­sed on tax and coun­sel Dr. Peter Gumnior (Frank­furt) on employ­ment law aspects. 

About Quan­tum Systems

Quan­tum Systems was foun­ded in 2015 and specia­li­zes in AI-supported aerial recon­nais­sance systems. The company has repor­ted annual sales growth of over 100 percent for seve­ral years. The company curr­ently employs around 550 people at loca­ti­ons in Germany, Austra­lia, Ukraine and Romania. 

The startup’s modu­lar drone systems combine eVTOL tech­no­logy (elec­tric verti­cal take-off and landing), edge compu­ting, AI and auto­no­mous navi­ga­tion. The products are used in both mili­tary and civi­lian appli­ca­ti­ons, inclu­ding public safety, open-cast mining, agri­cul­ture and infra­struc­ture projects. — www.quantum-sytems.com

About Gibson Dunn

Gibson, Dunn & Crut­cher LLP is one of the leading inter­na­tio­nal law firms and is ranked among the world’s top law firms in indus­try surveys and by major publi­ca­ti­ons. With more than 2,000 lawy­ers in 21 offices, the firm has a global presence in all major econo­mic regi­ons. Gibson Dunn’s offices are loca­ted in Abu Dhabi, Brussels, Century City, Dallas, Denver, Dubai, Frank­furt, Hong Kong, Hous­ton, London, Los Ange­les, Munich, New York, Orange County, Palo Alto, Paris, Beijing, Riyadh, San Fran­cisco, Singa­pore and Washing­ton, D.C. For more infor­ma­tion, please visit our website.