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Private companiesTracked

Project Q

Munich, Germany · Founded 2024

Project Q builds Hydris, open-core software that connects sensors, unmanned systems and command systems from different makers into one operational picture for armed forces and security agencies. It also makes networks of passive seismic-acoustic ground sensors that detect vehicles, drones and personnel.

Profile

What it builds and who buys it

  • ·Hydris connects commercial off-the-shelf technologies, data sources and legacy systems in one operational environment.Project Q (company release), Jul 14, 2026
  • ·Its control plane is open source under the Apache 2.0 licence, with a plugin SDK for third-party connectors.Project Q
  • ·At NATO CWIX 2026, Project Q and the Bundeswehr were selected as an Innovation Spotlight and connected legacy CBRN sensors to a mission system over the NATO Protected Core Network.Project Q (company release), Jun 24, 2026
  • ·HENSOLDT and Project Q signed a memorandum of understanding at Eurosatory in June 2026 to link Hydris with HENSOLDT’s integration approach and to develop acoustic and seismic sensors together.Project Q (company release), Jun 15, 2026
  • ·HENSOLDT, a listed German defence company, invested in the Series A.Munich Startup, Jul 16, 2026
  • ·The company has offices in Munich and Berlin.Project Q (company release), Jul 14, 2026

Founders and leadership

  • Leonard WessendorffChief executive and co-founder

    Worked at a German defence company and completed reserve officer training.Munich Startup, Jul 30, 2025

  • Frank Christian SprengelCo-founder

    Founded Project Q with Leonard Wessendorff in 2024.Munich Startup, Jul 16, 2026

Funding

Last valuation

No citable valuation

Last round or tender

Series A

Project Q (company release), Jul 14, 2026

€15 million, not converted to US dollars, closed in June 2026 and announced in July. Led by Expeditions, with Project A and new investors HENSOLDT and Heliad. The company said its funding comes entirely from European investors. No valuation was stated.

Latest revenue figure

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Valuation to revenue

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Post-money valuation by round

Fewer than two dated figures on file to plot; the table carries what there is.

DateRoundRaisedPost-money
Jul 14, 2026Series A€15 million, not converted to US dollars, closed in June 2026 and announced in July. Led by Expeditions, with Project A and new investors HENSOLDT and Heliad. The company said its funding comes entirely from European investors. No valuation was stated.——
Jul 30, 2025Seed€7.5 million, not converted to US dollars. Led by Project A, with Expeditions Fund and Superangel. No valuation was stated.——

Revenue

No citable revenue figure on file.

Secondary venues

  • Caplightpublic page seen Oct 15, 2026

    No price on the public page.

    No public MarketPrice. Historical pricing is behind a login.

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Tracked only. No read has been prepared for this company; the figures above are the record.

Sources

Researched Oct 15, 2026