Epirus, a defense technology innovator, has raised an oversubscribed $250 million Series D round, bringing its total funding to over $550 million. This investment positions the company to scale production of Leonidas, its high-power microwave (HPM) system designed to counter drones and electronic threats. Leonidas is a scalable, solid-state HPM system that neutralizes drone swarms and electronic targets with unmatched precision. Furthermore, it has been tested and proven effective by the Department of Defense, offering a non-kinetic solution to modern battlefield threats. With this funding, Epirus will expand its manufacturing capabilities, strengthen supply chains, and accelerate innovation. The round was led by 8VC and Washington Harbour Partners, with participation from major investors, including StepStone Group, T. Rowe Price Investment Management, and General Dynamics Land Systems.
Additionally, this investment highlights the growing demand for advanced defense technologies that can address the rapidly developing threat landscape. Andy Lowery, CEO of Epirus, emphasized the need for a new approach to defense, shifting from a “1 to 1” mindset to a “1 to many” strategy. He stated, “This funding will supercharge the manufacturing of our Leonidas™ HPM product line and position us for the next stage of growth.” Moreover, Epirus is investing in American innovation. The company plans to open an immersive simulation center in Oklahoma by Q3 2025, enhancing training capabilities for U.S. warfighters. This expansion aligns with Epirus’ vision of integrating HPM technology across military, commercial, and critical infrastructure applications. As threats grow more complex, Leonidas stands as a force multiplier, ensuring protection against the challenges of tomorrow.
