Protection tech startup Epirus is reportedly elevating between $150 million and $200 million in a brand new funding spherical led by Joe Lonsdale’s enterprise agency 8VC, Bloomberg studies. The spherical may give the corporate, which develops expertise to intercept drones, a valuation of about $1 billion. If that’s the ultimate valuation, it might be a lower from the corporate’s earlier $1.35 billion valuation. (Epirus didn’t remark to Bloomberg.)
Lonsdale co-founded the corporate in 2018 with Bo Marr, Max Medni, Nathan Mintz, Grant Verstandig and John Tenet. The startup has already raised almost $300 million from buyers like DCVC and Bedrock, in keeping with PitchBook. It’s additionally one of many few American-based protection tech unicorns, alongside firms like Anduril, Defend AI and Rise up Protection.
Solely time will inform if 2025 protection funding will attain the highs of final yr, the place startups within the area had scored virtually $3 billion by November.