Defense Startup Epirus Targets $150M+ Funding
Defense technology startup Epirus is raising between $150 million and $200 million in a new funding round led by Joe Lonsdale’s 8VC. The funding is expected to value the company at around $1 billion. Epirus, known for its advanced drone-intercepting technology, continues to be a key player in the defense tech sector.
A Defense Tech Pioneer
Founded in 2018 by Joe Lonsdale, Bo Marr, Max Medni, Nathan Mintz, Grant Verstandig, and John Tenet, Epirus has emerged as a leader in the defense tech space. The company has raised nearly $300 million from investors, including DCVC and Bedrock. It is one of a handful of American defense tech unicorns, sharing the stage with names like Anduril, Shield AI, and Rebellion Defense.
Epirus’s flagship product is centered on developing technology to counter modern drone threats, a critical capability in today’s defense arena. Its solutions have positioned it as a vital player in the growing defense tech sector.
A Challenging Market
Epirus's potential valuation dip reflects the broader challenges facing the startup ecosystem in 2025. Last year, defense tech startups collectively raised nearly $3 billion by November, highlighting significant investor interest in the sector. However, whether this momentum will continue remains uncertain.
The Road Ahead for Epirus
As Epirus navigates its latest funding round, the stakes are high. Securing significant capital would not only bolster its operations but also reaffirm its standing as a key player in defense innovation. The coming months will determine whether the startup can maintain its trajectory in an increasingly competitive industry.
