Protection tech startup Epirus, which focuses on anti-drone techniques, has raised an oversubscribed $250 million Collection D, it advised TechCrunch.
Epirus, based mostly in Torrance, California, was beforehand valued at $1.35 billion for its $200 million Collection 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 elevating this spherical at a decrease valuation than its Collection C.)
The Collection D was co-led by 8VC and Washington Harbour Companions LP, a D.C. based mostly funding agency. Different traders embrace Gaingels and Basic Dynamics Land Methods, a subsidiary of one of many U.S.’ largest protection contractors.
This brings the full 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 newest spherical.
Epirus’ flagship product is Leonidas, which beams high-powered electromagnetic pulses at drones because it strikes throughout the battlefield. Epirus has received quite a lot of U.S. army contracts, together with a $66 Military million deal from 2023, per its web site.
Joe Lonsdale, certainly one of Epirus’ co-founders and the managing associate of 8VC, touted Leonidas because the “finest safety in opposition to drone swarms in the present day” in an announcement 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 workforce, enhancing its provide chain resiliency, and opening a brand new simulation heart in Oklahoma to coach troopers.
