Epirus

Epirus

Develops directed energy systems for defense

About Epirus

Simplify's Rating
Why Epirus is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Aerospace

Defense

Company Size

51-200

Company Stage

Series D

Total Funding

$533.4M

Headquarters

Hawthorne, California

Founded

2018

Overview

Epirus focuses on developing directed energy systems and power management solutions, primarily for the defense and commercial power sectors. Its main product, the Leonidas system, is a high-power microwave solution that effectively neutralizes electronic threats, especially drones. The Leonidas system has undergone extensive testing to ensure its precision in countering these threats. Epirus distinguishes itself from competitors through strategic partnerships, notably with Northrop Grumman, which enhances its credibility and market presence. The company's goal is to provide advanced EMP capabilities and maintain a steady revenue stream through product sales and long-term contracts.

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Funded Recently
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Simplify's Take

What believers are saying

  • Epirus raised $250 million to scale production and expand into international markets.
  • Growing demand for counter-drone technology boosts Epirus's market potential.
  • Advancements in AI-enabled targeting enhance the effectiveness of Epirus's Leonidas system.

What critics are saying

  • Emerging competition from Raytheon and Lockheed Martin challenges Epirus's market position.
  • Supply chain vulnerabilities in semiconductor components could affect production capabilities.
  • Potential regulatory changes in international markets may impact expansion plans.

What makes Epirus unique

  • Epirus specializes in solid-state, software-defined directed energy systems for defense applications.
  • The Leonidas system offers precision counter-electronics effects against unmanned aerial systems.
  • Strategic partnerships with industry giants like Northrop Grumman enhance Epirus's market credibility.

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Funding

Total Funding

$533.4M

Above

Industry Average

Funded Over

6 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$250M
Epirus

Benefits

Medical, vision, & dental

HSA & FSA plans

401k

Stock options

Electronics stipend

Unlimited PTO

Parental leave

On-site gym

Daily catered lunches & stocked kitchen

Growth & Insights and Company News

Headcount

6 month growth

↓ -4%

1 year growth

↓ -2%

2 year growth

↓ -2%
Grey Journal
Mar 8th, 2025
Epirus raises 250 million dollars to revolutionize anti-drone technology

Defense startup Epirus has successfully raised $250 million in a Series D funding round, led by prominent investors 8VC and Washington Harbour Partners.

The Star
Mar 5th, 2025
Defense tech startup Epirus secures $250 million to make anti-drone weapons

(Reuters) -Defense technology startup Epirus has raised $250 million in a Series D funding round, as it looks to scale up production of its anti-drone weapons, the company said on Wednesday.

EIN News
Mar 5th, 2025
Epirus raises $250M for anti-drone tech

Defense tech startup Epirus has raised $250 million in a Series D funding round to scale up production of its anti-drone weapons. The round was co-led by 8VC and Washington Harbour Partners LP, with participation from General Dynamics Land Systems. This brings Epirus' total funding to over $550 million. The funds will be used to expand into international and commercial markets, strengthen the supply chain, and grow the workforce. Epirus will also open a new simulation center in Oklahoma.

PR Newswire
Mar 5th, 2025
Epirus Closes $250M Series D to Hyperscale Leonidas Production Capability for Critical Asset Protection

/PRNewswire/ -- Epirus announced today an oversubscribed $250 million Series D fundraising round, bringing the company's total venture funding to more than...

WowTale
Mar 5th, 2025
Epirus Secures $250M Series D Funding

Epirus, a defense startup specializing in drone defense systems, has secured a $250 million Series D funding round. The round was co-led by 8VC and Washington Harbour Partners LP, with participation from Gaingels and General Dynamics Land Systems. Although the exact valuation was not disclosed, it exceeds $1 billion. The funds will be used for international and commercial market expansion, team growth, supply chain stability, and establishing a new simulation center in Oklahoma.

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