Defense tech startup Epirus is reportedly elevating between $150 million and $200 million in a brand new funding spherical led by Joe Lonsdale’s enterprise agency 8VC, Bloomberg experiences. The spherical might give the corporate, which develops expertise to intercept drones, a valuation of about $1 billion. If that’s the ultimate valuation, it might be a lower from the corporate’s earlier $1.35 billion valuation. (Epirus didn’t remark to Bloomberg.)
Lonsdale co-founded the corporate in 2018 with Bo Marr, Max Mednik, Nathan Mintz, Grant Verstandig, and John Tenet. The startup has already raised practically $300 million from traders like DCVC and Bedrock, in accordance with PitchBookay. It’s additionally one of many few American-based protection tech unicorns, alongside corporations like Anduril, Shield AI, and Rebellion Defense.
Only time will inform if 2025 protection funding will attain the highs of final yr, the place startups within the area had scored virtually $3 billion by November.
