Summary:
Epirus is raising $150M to $200M in a funding round led by 8VC.
Valuation could drop to $1 billion, down from $1.35 billion.
Founded in 2018, Epirus focuses on drone interception technology.
Has raised nearly $300 million from investors like DCVC and Bedrock.
2025 funding in defense tech remains uncertain after record highs in 2024.
In Brief
Posted: 3:41 PM PST · January 9, 2025
Funding Round Overview
Defense tech startup Epirus is in discussions to raise between $150 million and $200 million in a new funding round led by Joe Lonsdale’s venture firm 8VC. This funding could potentially bring the company's valuation down to approximately $1 billion, a significant drop from its previous valuation of $1.35 billion. (Epirus has not commented on this matter.)
Image Credits: TechCrunch
Company Background
Founded in 2018 by Lonsdale along with co-founders Bo Marr, Max Mednik, Nathan Mintz, Grant Verstandig, and John Tenet, Epirus specializes in drone interception technology. The startup has successfully raised nearly $300 million from notable investors including DCVC and Bedrock, establishing itself as one of the few American-based defense tech unicorns alongside companies like Anduril, Shield AI, and Rebellion Defense.
Looking Ahead
As we step into 2025, the future of defense funding remains uncertain. Last year, startups in this sector raised nearly $3 billion by November, setting a record that could be challenging to surpass this year.
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