Defense tech startup Epirus raises $250M Series D to counter drone swarms

Defense tech startup Epirus, which specializes in anti-drone systems, has raised an oversubscribed $250 million Series D, it told TechCrunch. Epirus, based in Torrance, California, was previously valued at $1.35 billion for its $200 million Series C in 2022, per its announcement at the time. Epirus did not give a specific valuation for this round, but confirmed to TechCrunch that it is over $1 billion. (Bloomberg reported in January 2025 that Epirus was raising this round at a lower valuation than its Series C.) The Series D was co-led by 8VC and Washington Harbour Partners LP, a D.C. based investment firm. Other investors include Gaingels and General Dynamics Land Systems, a subsidiary of one of the U.S.’ biggest defense contractors. This brings the total raised by Epirus to over $550 million. Its status as a unicorn puts it among relatively few defense techs in that league. There’s Anduril, which is raising at a $28 billion valuation, plus Shield AI which is reportedly raising at ... Read full article.