Epirus
“Can software-defined high-power microwave technology become the dominant counter-drone and counter-electronics platform for the DoD and allied militaries?”
Founded2018
HQLos Angeles, California, USA
FoundersJoe Lonsdale
Total raised$550M+
Latest roundSeries D, 2024
IndustryDefense Tech / Hardware
The story
Founded in 2018, Epirus is a defense technology company specializing in high-energy, high-power microwave technology designed to counter drones, drone swarms, and other electronics. Its flagship product, Leonidas, targets the DoD market. After raising over $550M, the company is expanding into international and commercial markets. There is no embedded finance pivot or fintech angle evident in the company's public materials — Epirus is a pure-play defense hardware/software company.
Product timeline
2018
Founded in Hawthorn, California, developing high-powered microwave (SmartPower) technology for defense applications.· pivot
2019
Raised $17M Series A led by 8VC; began developing Leonidas counter-electronics system for the DoD.· banking
2021
Raised $70M Series B led by Bedrock Capital; expanded high-powered microwave product line.· pivot
2024
Raised $250M Series D led by 8VC and Washington Harbour Partners with strategic investment from General Dynamics Land Systems; announced expansion into international and commercial markets.· pivot
The stack
Accounting gap: none