Defense tech startup Epirus raises $250M Series D to counter drone swarms

Here’s a summarized list of details regarding the defense tech startup Epirus:

Startup Details

• Name: Epirus
• Location: Torrance, California
• Specialization: Anti-drone systems (flagship product: Leonidas)

Fundraising Information

• Series D Fundraise:
  • Amount Raised: $250 million
  • Date: [Not specified in the text]
• Previous Fundraise (Series C):
  • Amount Raised: $200 million
  • Date: 2022
  • Valuation: $1.35 billion

Investors

• Lead Investors:
  • 8VC
  • Washington Harbour Partners LP
• Other Investors:
  • Gaingels
  • General Dynamics Land Systems (subsidiary of a major U.S. defense contractor)

Total Funds Raised

• Total Amount Raised by Epirus: Over $550 million

Founders

• Co-Founder: Joe Lonsdale (also managing partner at 8VC and co-founder of Palantir)

Additional Information

• Recent Military Contract: $66 million Army deal in 2023

Future Plans

• Expansion into international and commercial markets
• Investing in team growth and supply chain resiliency
• Opening a new simulation center in Oklahoma for training soldiers

Valuation Status

• Current valuation is confirmed to be over $1 billion.

Feel free to ask if you need more specific details!

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2025-03-05 05:01:00