It told TechCrunch that Defense Tech Tech startup Epirus specializes in anti-drone systems and has raised $250 million in oversubscribed.
Torrance, California-based Epirus was previously valued at $1.35 billion at its $200 million Series C valuation in 2022, According to the announcement then. Epirus did not provide a specific valuation of the round, but confirmed to TechCrunch that this exceeded $1 billion. (Bloomberg reported in January 2025 that Epirus is Improve this round with a lower valuation Better than its series C. )
Series D is co-led by DC investment firm 8VC and Washington Harbor Partners LP. Other investors include Gaingels and General Dynamics Land Systems, a subsidiary of one of the largest defense contractors in the United States.
This has brought Epirus’ total raising of more than $550 million. Its status as a unicorn makes it in relatively few defense technologies in the league. There is the rising Anduril At $28 billion valuationplus shield AI It is said that Raise $5 billion, Saronic Valued at $4 billion in the latest round.
Epirus’ flagship product is Leonidas, which emits high-power electromagnetic pulses on the drone as it moves on the battlefield. Epirus has won many U.S. military contracts, including a $66 million deal in 2023, According to its website.
Joe Lonsdale, one of Epirus’s co-founders and managing partner at 8VC, touted Leonidas as “the best protection for today’s drone fleets.” (Lonsdale is also the co-founder of Palantir.)
Epirus said it plans to use the funds to expand to international and commercial markets. The company also said it will invest in developing teams, increasing the resilience of the supply chain, and opening a new simulation center in Oklahoma to train soldiers.
