Quantum-Programs GmbH, Munich-based market chief for growth, design, and manufacturing of small Unmanned Plane Programs (sUAS), at the moment introduced that it has closed a further spherical of financing and raised an undisclosed quantity from additionally Munich-based 10x Group.
The funding spherical will assist the corporate’s continued enlargement because it takes benefit of accelerating market demand for next-generation sUAS with electrical vertical take-off and touchdown capabilities and on board edge AI.
Quantum-Programs has achieved a 155% progress charge in income within the 12 months 2020 in comparison with the earlier 12 months and has constructed a worldwide buyer base, which is utilizing Quantum-Programs’ drone platform for missions like good farming, quantity calculation in open-pit mining, surveying work for giant development websites, real-time situational consciousness, tactical mapping, Search and Rescue (SAR) and automated railway inspection.
Demo use circumstances additionally embrace the transport of medicines and blood reserves. With this progress funding, Quantum-Programs intends to additional speed up its progress technique in the direction of constructing the pan-European chief and can considerably make investments into gross sales, advertising and marketing, and R&D.
“The robust buyer traction and investor curiosity is an incredible validation of our expertise and the market alternative. We’re excited and grateful for the belief of our new traders. 10x Group’s funding is a turnkey occasion for Quantum-Programs,” mentioned Florian Seibel, CEO, and Co-founder of Quantum-Programs GmbH.
Extra monetary and networking assets to drive the corporate’s growth.
10x Group will assist Quantum-Programs with its steady progress plans. Key initiatives are the enlargement of the globally working gross sales group, the enlargement of R&D capacities within the area of autonomous flying and synthetic intelligence in addition to additional vertical integration of system-critical parts of the eVTOL drones. Quantum-Programs’ distinctive expertise and easy-to-use software program type the corporate’s alternatives for drones inside the industrial and governmental house. The brand new EU framework on the long run operation of drones, which efficiently handed the German Parliament final week, lastly makes Germany the nation with essentially the most modern regulatory rule set on the earth.
“The alternatives for skilled, industry-grade, drones are unprecedented within the industrial and governmental markets for the years to come back. We recognized Quantum-Programs because the world chief concerning expertise and merchandise and we look ahead to supporting the administration group to execute on this enormous alternative,” mentioned Felix Haas, one of many companions at 10x Group and lead for Quantum-Programs.
10x Group is joined on this funding spherical by their affiliated associate Andrej Henkler from Leblon Capital. Mr. Henkler is an early backer of a number of US successes like Palantir and can advise Quantum-Programs on the upcoming international enlargement.
Quantum-Programs GmbH develops and deploys small Unmanned Plane Programs (sUAS) for the geospatial group (industrial product line) and the protection, safety, and intelligence group (governmental product line), offering them unprecedented information high quality, effectivity, and operational usability. The absolutely autonomous sUAS with AI edge computing capabilities, allow its customers to capitalize on the rising megatrend of autonomous sUAS information acquisition options that may open fully new markets and functions. All Quantum-Programs sUAS mix eVTOL (electrical vertical take-off and touchdown) capabilities with long-range using electrical and aerodynamic effectivity. The continual integration of state-of-the-art sensors into the methods permits for elevated aerial information intelligence bringing the shoppers’ decision-making processes to new ranges. Quantum-Programs was based in 2015 and is headquartered at Particular Airport Oberpfaffenhofen 20 km west of Munich.
About 10x Group
10x Group is a bunch of serial entrepreneurs and founders investing in founders of digital start-ups in Europe and Silicon Valley. Subsequent to being entrepreneurs 10x invests into bold groups in Europe and Silicon Valley since 2007. Via their in depth community and data within the B2B and B2C world, they actively assist their founders to develop their corporations. Of 120 lively investments, 50+ are based mostly within the Valley. The main focus is on companies with a digital disruptive factor.
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