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About Epirus
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.
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
Industry standards
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
6 month growth
↓ -4%1 year growth
↓ -2%2 year growth
↓ -2%Defense startup Epirus has successfully raised $250 million in a Series D funding round, led by prominent investors 8VC and Washington Harbour Partners.
(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.
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.
/PRNewswire/ -- Epirus announced today an oversubscribed $250 million Series D fundraising round, bringing the company's total venture funding to more than...
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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About Epirus
Industries
Aerospace
Defense
Company Size
51-200
Company Stage
Series D
Total Funding
$533.4M
Headquarters
Hawthorne, California
Founded
2018
Epirus is Hiring for 20 Jobs on Simplify!
Find jobs on Simplify and start your career today