Epirus raises $200M Series C at $1.35B valuation
Epirus completed a Series C financing to accelerate its directed-energy and power-management programs.
Evidence notes
- Epirus closed $200 million in Series C financing led by funds and accounts advised by T. Rowe Price Associates.
- The company reported a $1.35 billion valuation for the completed round.
- 8VC, Bedrock, Broom Ventures, EPIQ Capital Group, Gaingels, General Dynamics Land Systems, I Squared Capital, Moore Strategic Ventures, Parkwood, Piedmont Capital Investments, Red Cell Partners and StepStone Group participated.
Company context
Epirus develops high-power microwave and directed-energy systems for counter-UAS, electronic warfare and short-range air defence missions. Its Leonidas platform is designed to disable drone and electronic threats through non-kinetic electromagnetic effects.