BERLIN (Reuters) -German drone maker Quantum Systems is close to completing a 150 million euro ($175 million) funding round that could triple its valuation to 3 billion euros, Manager Magazin reported on Thursday, citing unnamed sources.

The startup company, whose new drone “Jaeger” is designed to intercept hostile unmanned aircraft, has seen demand surge following recent drone disruptions at major airports.

According to the report, Quantum plans to grow by acquiring startup companies and technology providers in the short term.

Quantum’s revenue is projected to reach 300 million euros in 2025 and exceed 500 million euros in 2026, the magazine added.

A second, larger funding round is planned for 2026, potentially pushing the firm’s valuation to 5 billion euros, the report said.

Quantum

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