Quantum Systems' $1.2B Series D for drone autonomy and Safran's $2.19B acquisition of Exail Technologies show European defense and autonomy deals now matching the scale of headline AI infrastructure rounds.
Jul 5, 2026A string of multi-billion-dollar AI infrastructure raises this year -- Crusoe, Together AI, Quantum Systems, National Grid's Joulent bet -- shows venture capital concentrating in physical AI infrastructure at the expense of traditional Series B-sized rounds.
Jul 4, 2026Quantum Systems, a German maker of autonomous drones and multi-domain uncrewed systems, closed a $1.2 billion Series D co-led by Blackstone, Airbus Defence and Space and Advent International, more than doubling its valuation to roughly $8 billion.
Jul 3, 2026