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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.

Last 12 months
2024
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
0 layers disclosed in Epirus’s embedded-finance stack
Accounting gap: none

Epirus — frequently asked

Who founded Epirus?

Epirus was founded by Joe Lonsdale and is founded in 2018, headquartered in Los Angeles, California, USA.

How much funding has Epirus raised?

Epirus has raised $550M+ in total (latest round: Series D, 2024).

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