Protection tech startup Epirus, which focuses on anti-drone programs, has raised an oversubscribed $250 million Sequence D, it instructed TechCrunch.
Epirus, primarily based in Torrance, California, was beforehand valued at $1.35 billion for its $200 million Sequence C in 2022, per its announcement on the time. Epirus didn’t give a selected valuation for this spherical, however confirmed to TechCrunch that it’s over $1 billion. (Bloomberg reported in January 2025 that Epirus was raising this round at a lower valuation than its Sequence C.)
The Sequence D was co-led by 8VC and Washington Harbour Companions LP, a D.C. primarily based funding agency. Different traders embody Gaingels and Common Dynamics Land Methods, a subsidiary of one of many U.S.’ greatest protection contractors.
This brings the whole raised by Epirus to over $550 million. Its standing as a unicorn places it amongst comparatively few protection techs in that league. There’s Anduril, which is elevating at a $28 billion valuation, plus Defend AI which is reportedly elevating at $5 billion, and Saronic, which was valued at $4 billion in its latest round.
Epirus’ flagship product is Leonidas, which beams high-powered electromagnetic pulses at drones because it strikes throughout the battlefield. Epirus has gained a lot of U.S. army contracts, together with a $66 Military million deal from 2023, per its website.
Joe Lonsdale, one in all Epirus’ co-founders and the managing accomplice of 8VC, touted Leonidas because the “greatest safety in opposition to drone swarms at this time” in a press release despatched to TechCrunch. (Lonsdale can also be a co-founder of Palantir.)
Epirus says it plans to make use of the funds to develop into worldwide and business markets. The agency additionally says it’ll put money into rising its crew, enhancing its provide chain resiliency, and opening a brand new simulation heart in Oklahoma to coach troopers.
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