German drone maker raises $1.2 billion as investors pile into defence
• Munich-based drone manufacturer Quantum has raised $1.2 billion as investor interest in the defense sector surges. • The company, which reported revenues of approximately 300 million euros last year, is expanding its portfolio from spy drones to autonomous land and sea systems. • Co-founder and co-CEO Florian Seibel indicated that this capital could facilitate the acquisition of Stark Defence, a 2024 startup specializing in attack drones.
euractiv.com




