News Summary

German drone startup Quantum Systems is set to close a €200 million ($232 million) funding round, achieving a $3 billion valuation. This funding round is led by Balderton Capital and marks a significant milestone for the Munich-based company, which has seen its revenue grow by more than 100% annually. Quantum Systems, now a unicorn, is fast becoming Europe’s defining defense-tech breakout, with plans for another funding round and a potential IPO by 2026.