Quantum Systems at $330M/year up 161% YoY
Jan-Erik Asplund
TL;DR: After 19,000 missions flown in Ukraine in 2025, Germany's Quantum Systems signed its biggest-ever contract and is now expanding into copter drones, AI pilots, unmanned ground drones and motors, positioning itself as Europe's Anduril. Sacra estimates Quantum Systems hit $330M in 2025 revenue, up 161% YoY from $124M in 2024, valued at $8B as of its $1.2B Series D for a 24x multiple. For more, check out our full report and dataset on Quantum Systems.
We previously covered Quantum Systems in September at $124M in 2024 revenue (up 216% YoY) as battlefield-proven drone demand spread across NATO, as well as the broader rise of the former Eastern Bloc as NATO's Shenzhen in Ukrainian Dynamism.
Key points via Sacra AI:
- After 19,000 missions flown by Quantum Systems drones in Ukraine in 2025, the company signed its biggest-ever contract with the German Army ($246M, December 2025) and picked up both its first major Pentagon order ($15M, April 2026) and, last month, its first contract financed by the EU’s $19B SAFE (Security Action for Europe) fund, supplying drones to the Romanian Armed Forces ($36M, June 2026).
- Sacra estimates Quantum Systems hit $330M in 2025 revenue, growing 161% YoY from $124M in 2024, valued at $8B as of its July 2026 $1.2B Series D for a 24x revenue multiple—compared to Anduril at $2.1B in 2025 revenue, up 110% YoY, valued at $61B for a ~28x multiple and Shield AI at $300M in revenue in March 2025, up from $267M in 2024 (+64% YoY), valued at $12B in March 2026 for a ~30x multiple.
- Quantum Systems is going head-to-head with Helsing to become Europe’s Anduril, using acquisitions to vertically integrate & expand their product line from their core long-range surveillance drones into mini short-range drones (AirRobot, March 2025), AI pilot software (Spleenlab, October 2025), unmanned robotic trucks (FERNRIDE, December 2025), and electronic motors (Hacker Motor, February 2026).
For more, check out this other research from our platform:
- Quantum Systems (dataset)
- Quantum Systems at $124M/year up 216% YoY
- $22M/year DJI of Estonia
- Bobby Healy, founder & CEO of Manna, on drone delivery for the suburbs
- Ukrainian Dynamism
- Saildrone (dataset)
- Saronic (dataset)
- America First vs. American Dynamism
- Anduril, SpaceX, and the American dynamism GTM playbook
- The biggest mistake defense startups make
- Ross Fubini, Managing Partner at XYZ Capital, on the defense tech opportunity
- Scott Sanders, chief growth officer at RRAI, on the defense tech startup playbook
- Zach Rash & Daniel Singer, CEO & CBO of Coco Robotics, on why ground delivery beats drones
- Orest Pilskalns, CEO of Skyfish, on building autonomous drone infrastructure
- Partnerships lead at Skydio on where value accrues in the drone stack
- UAS product lead at Valmont Industries on scaling drone autonomy in industrial inspection
- Director of Business Operations at Wing on scaling last‑mile drone delivery with DoorDash
- Director of UAS Operations at NV5 on navigating the DJI ban to build a compliant drone fleet
- Enterprise sales director at Skydio on drones as first responders
- Skydio at $180M/year growing 80% YoY
- Scott Sanders, Chief Growth Officer at Forterra, on autonomy for every vehicle
