Epirus valuation, funding and investors

Epirus works in advanced electronics solutions development, based in Torrance, United States. Founded in 2018, it has about 250 employees.

Aerospace and Defence Torrance Series D

VALUATION · TODAY

$4.11B −1% after Series D

Range $1.91B – $6.30B · Grade B

TODAY

+12 MO

$2.00B

$4.00B

$6.00B

2019

2020

2021

2022

2023

2024

2025

2026

2027

Series A $17.0M

Series B $70.0M

Series C $200M

Series D $250M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY250 employees

+3%6m growth

+11%1y growth

+32%2y growth

100

200

300

Data from Jan 2021

TODAY

Predicted in 1 yr $4.06B −1% vs today

Predicted next raise $458M if a round comes

Winding-down probability 3%

Last round: Series D · $250M · Mar 2025
Valuation at last round: $3.13B · implied
Headcount: 250 · up
Grade: B
Founded: 2018

How VCMC values companies →

Epirus valuation today

VCMC values Epirus at $4.1B today, with a range of $1.9B to $6.3B and a grade of B. The valuation starts from its last funding round, a Series D round in Mar 2025.

Valuation by date (111 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Epirus: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2018	$9.63M	$3.51M – $26.5M	$13.2M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$9.89M	$3.60M – $27.2M	$13.6M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$10.1M	$3.69M – $27.8M	$13.9M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$10.4M	$3.79M – $28.6M	$14.3M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$10.7M	$3.89M – $29.3M	$14.6M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$11.0M	$3.99M – $30.1M	$15.0M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$11.3M	$4.10M – $30.9M	$15.4M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$11.6M	$4.21M – $31.8M	$15.6M (+35%)	before first round	–	unknown	D	0%
1 Sep 2018	$11.9M	$4.33M – $32.6M	$15.7M (+32%)	before first round	–	unknown	D	0%
1 Oct 2018	$12.2M	$4.44M – $33.5M	$15.9M (+30%)	before first round	–	unknown	D	0%
1 Nov 2018	$12.5M	$4.56M – $34.4M	$16.0M (+28%)	before first round	–	unknown	D	0%
1 Dec 2018	$12.9M	$4.68M – $35.3M	$16.2M (+26%)	before first round	–	unknown	D	0%
1 Jan 2019	$94.4M	$62.1M – $259M	$170M (+80%)	after a round	–	unknown	C	0%
2 Jan 2019	$94.6M	$62.1M – $259M	$170M (+80%)	after a round	–	unknown	C	0%
1 Feb 2019	$99.3M	$62.1M – $259M	$170M (+71%)	after a round	–	unknown	C	0%
1 Mar 2019	$104M	$62.1M – $259M	$170M (+64%)	after a round	–	unknown	C	0%
1 Apr 2019	$109M	$62.1M – $259M	$170M (+56%)	after a round	–	unknown	C	0%
1 May 2019	$115M	$62.1M – $259M	$170M (+48%)	after a round	–	unknown	C	0%
1 Jun 2019	$120M	$62.1M – $259M	$170M (+41%)	after a round	–	unknown	C	0%
1 Jul 2019	$126M	$62.1M – $259M	$170M (+35%)	after a round	–	unknown	C	0%
1 Aug 2019	$133M	$62.1M – $259M	$170M (+28%)	after a round	–	unknown	C	0%
1 Sep 2019	$140M	$62.1M – $259M	$170M (+22%)	after a round	–	unknown	C	0%
1 Oct 2019	$147M	$62.1M – $259M	$170M (+16%)	after a round	–	unknown	C	0%
1 Nov 2019	$154M	$62.1M – $259M	$170M (+10%)	after a round	–	unknown	C	0%
1 Dec 2019	$162M	$62.1M – $259M	$170M (+5%)	after a round	–	unknown	C	0%
1 Jan 2020	$170M	$62.1M – $259M	$170M (0%)	after a round	–	unknown	C	0%
1 Feb 2020	$170M	$59.0M – $259M	$170M (0%)	after a round	–	unknown	C	0%
1 Mar 2020	$170M	$56.3M – $259M	$170M (0%)	after a round	–	unknown	C	0%
1 Apr 2020	$170M	$53.5M – $259M	$170M (0%)	after a round	–	unknown	C	0%
1 May 2020	$170M	$50.9M – $259M	$170M (0%)	after a round	–	unknown	C	0%
1 Jun 2020	$170M	$48.4M – $259M	$170M (0%)	after a round	–	unknown	C	0%
1 Jul 2020	$170M	$46.0M – $259M	$170M (0%)	after a round	–	unknown	C	0%
1 Aug 2020	$170M	$43.8M – $259M	$170M (0%)	after a round	–	unknown	C	0%
1 Sep 2020	$170M	$41.6M – $259M	$170M (0%)	after a round	–	unknown	C	0%
1 Oct 2020	$170M	$39.6M – $259M	$170M (0%)	after a round	–	unknown	C	0%
1 Nov 2020	$170M	$37.6M – $259M	$170M (0%)	after a round	–	unknown	C	0%
1 Dec 2020	$170M	$35.8M – $259M	$170M (0%)	after a round	–	unknown	C	0%
18 Dec 2020	$415M	$292M – $883M	$622M (+50%)	after a round	–	unknown	B	0%
1 Jan 2021	$422M	$292M – $883M	$622M (+48%)	after a round	39	unknown	B	0%
1 Feb 2021	$436M	$292M – $883M	$622M (+43%)	after a round	39	unknown	B	0%
1 Mar 2021	$450M	$292M – $883M	$622M (+38%)	after a round	39	unknown	B	0%
1 Apr 2021	$466M	$292M – $883M	$622M (+33%)	after a round	39	flat	B	0%
1 May 2021	$482M	$292M – $883M	$622M (+29%)	after a round	39	flat	B	0%
1 Jun 2021	$499M	$292M – $883M	$622M (+25%)	after a round	39	flat	B	0%
1 Jul 2021	$516M	$292M – $883M	$622M (+21%)	after a round	39	flat	B	0%
1 Aug 2021	$534M	$292M – $883M	$622M (+17%)	after a round	39	flat	B	0%
1 Sep 2021	$552M	$292M – $883M	$622M (+13%)	after a round	39	flat	B	0%
1 Oct 2021	$571M	$292M – $883M	$622M (+9%)	after a round	39	flat	B	0%
1 Nov 2021	$591M	$292M – $883M	$622M (+5%)	after a round	39	flat	B	0%
1 Dec 2021	$611M	$292M – $883M	$622M (+2%)	after a round	39	flat	B	0%
1 Jan 2022	$622M	$286M – $883M	$622M (0%)	after a round	39	flat	B	0%
1 Feb 2022	$849M	$406M – $1.2B	$849M (0%)	after a round	160	growing	B	0%
16 Feb 2022	$1.4B	$1.2B – $2.0B	$1.8B (+30%)	after a round	160	growing	A	0%
1 Mar 2022	$1.4B	$1.2B – $2.0B	$1.8B (+29%)	after a round	160	growing	A	0%
1 Apr 2022	$1.4B	$1.2B – $2.0B	$1.8B (+26%)	after a round	160	growing	A	0%
1 May 2022	$1.4B	$1.2B – $2.0B	$1.8B (+23%)	after a round	160	growing	A	0%
1 Jun 2022	$1.5B	$1.2B – $2.0B	$1.8B (+20%)	after a round	160	growing	A	0%
1 Jul 2022	$1.5B	$1.2B – $2.0B	$1.8B (+18%)	after a round	160	growing	A	0%
1 Aug 2022	$1.5B	$1.2B – $2.0B	$1.8B (+15%)	after a round	160	growing	A	0%
1 Sep 2022	$1.6B	$1.2B – $2.0B	$1.8B (+13%)	after a round	160	growing	A	0%
1 Oct 2022	$1.6B	$1.2B – $2.0B	$1.8B (+10%)	after a round	160	growing	A	0%
1 Nov 2022	$1.6B	$1.2B – $2.0B	$1.8B (+8%)	after a round	160	unknown	A	0%
1 Dec 2022	$1.7B	$1.2B – $2.0B	$1.8B (+6%)	after a round	160	unknown	A	0%
1 Jan 2023	$1.8B	$1.2B – $2.2B	$1.9B (+4%)	after a round	220	growing	B	0%
1 Feb 2023	$1.9B	$1.2B – $2.2B	$1.9B (+1%)	after a round	220	growing	B	0%
1 Mar 2023	$1.9B	$1.2B – $2.2B	$1.9B (0%)	after a round	220	growing	B	0%
1 Apr 2023	$1.9B	$1.2B – $2.2B	$1.9B (0%)	after a round	220	growing	A	0%
1 May 2023	$1.9B	$1.2B – $2.2B	$1.9B (0%)	after a round	220	growing	A	0%
1 Jun 2023	$1.9B	$1.2B – $2.2B	$1.9B (0%)	after a round	220	growing	A	0%
1 Jul 2023	$1.9B	$1.2B – $2.2B	$1.9B (0%)	after a round	220	growing	A	0%
1 Aug 2023	$1.9B	$1.2B – $2.2B	$1.9B (0%)	after a round	220	growing	A	0%
1 Sep 2023	$1.9B	$907M – $2.2B	$1.9B (0%)	after a round	220	unknown	B	0%
1 Oct 2023	$1.5B	$847M – $1.9B	$1.3B (-13%)	after a round	200	flat	B	48%
1 Nov 2023	$1.5B	$810M – $1.9B	$1.3B (-14%)	after a round	200	flat	B	48%
1 Dec 2023	$1.5B	$776M – $2.0B	$1.3B (-14%)	after a round	200	flat	B	48%
1 Jan 2024	$1.5B	$743M – $2.0B	$1.2B (-14%)	after a round	200	flat	B	48%
1 Feb 2024	$1.4B	$710M – $2.0B	$1.2B (-15%)	after a round	200	flat	B	48%
1 Mar 2024	$1.0B	$645M – $1.8B	$694M (-33%)	after a round	180	down	B	97%
1 Apr 2024	$1.0B	$613M – $1.9B	$671M (-33%)	after a round	180	down	B	97%
1 May 2024	$984M	$584M – $1.9B	$650M (-34%)	after a round	180	down	B	97%
1 Jun 2024	$960M	$555M – $1.9B	$629M (-34%)	after a round	180	down	C	97%
1 Jul 2024	$938M	$528M – $1.9B	$610M (-35%)	after a round	180	down	C	97%
1 Aug 2024	$977M	$508M – $2.0B	$650M (-33%)	after a round	190	flat	C	89%
1 Sep 2024	$1.0B	$483M – $2.0B	$683M (-32%)	after a round	190	flat	C	82%
1 Oct 2024	$1.0B	$460M – $2.0B	$717M (-31%)	after a round	190	flat	C	76%
1 Nov 2024	$1.1B	$437M – $2.0B	$748M (-30%)	after a round	190	flat	C	70%
1 Dec 2024	$1.1B	$416M – $2.1B	$780M (-29%)	after a round	190	flat	C	64%
1 Jan 2025	$1.1B	$395M – $2.1B	$811M (-28%)	after a round	190	flat	C	59%
1 Feb 2025	$1.2B	$375M – $2.1B	$840M (-27%)	after a round	190	flat	C	54%
1 Mar 2025	$1.1B	$359M – $2.1B	$837M (-25%)	after a round	190	flat	C	50%
5 Mar 2025	$3.1B	$2.1B – $5.9B	$3.9B (+24%)	after a round	190	flat	B	17%
1 Apr 2025	$3.2B	$2.1B – $5.9B	$3.9B (+22%)	after a round	190	flat	B	17%
1 May 2025	$3.2B	$2.1B – $5.9B	$3.9B (+20%)	after a round	190	flat	B	15%
1 Jun 2025	$3.3B	$2.1B – $6.0B	$3.9B (+18%)	after a round	190	flat	B	14%
1 Jul 2025	$3.4B	$2.1B – $6.0B	$3.9B (+15%)	after a round	223	up	B	13%
1 Aug 2025	$3.4B	$2.1B – $6.0B	$3.9B (+13%)	after a round	225	up	B	12%
1 Sep 2025	$3.5B	$2.1B – $6.0B	$3.9B (+11%)	after a round	225	up	B	11%
1 Oct 2025	$3.6B	$2.1B – $6.0B	$3.9B (+9%)	after a round	225	up	B	10%
1 Nov 2025	$3.7B	$2.1B – $6.1B	$3.9B (+7%)	after a round	227	up	B	9%
1 Dec 2025	$3.7B	$2.1B – $6.1B	$3.9B (+5%)	after a round	227	up	B	9%
1 Jan 2026	$3.8B	$2.1B – $6.1B	$3.9B (+3%)	after a round	227	up	B	8%
1 Feb 2026	$3.9B	$2.1B – $6.1B	$3.9B (0%)	after a round	227	up	B	7%
1 Mar 2026	$4.1B	$2.1B – $6.2B	$4.0B (-1%)	after a round	243	up	B	7%
1 Apr 2026	$4.1B	$2.1B – $6.2B	$4.0B (-2%)	after a round	243	up	B	6%
1 May 2026	$4.1B	$2.0B – $6.2B	$4.0B (-2%)	after a round	246	up	B	6%
1 Jun 2026	$4.1B	$1.8B – $6.2B	$4.0B (-2%)	after a round	246	flat	C	5%
1 Jul 2026	$4.1B	$1.8B – $6.3B	$4.0B (-1%)	after a round	246	flat	C	5%
1 Aug 2026	$4.1B	$2.0B – $6.3B	$4.1B (-1%)	after a round	252	up	B	4%
1 Sep 2026	$4.1B	$2.0B – $6.3B	$4.1B (-1%)	after a round	252	up	B	4%
1 Oct 2026	$4.1B	$1.9B – $6.3B	$4.1B (-1%)	after a round	250	up	B	4%
24 Oct 2026	$4.1B	$1.9B – $6.3B	$4.1B (-1%)	after a round	250	up	B	3%

Key facts about Epirus

Founded: 2018
Headquarters: Torrance, United States
Employees: about 250 +11% in a year
Total raised: $537M
Funding rounds: 5
Last round: Series D Mar 2025

Epirus was founded in 2018 by Dr. Bo Marr, Grant Verstandig, Joe Lonsdale, John Tenet, Max Mednik and Nathan Mintz.

Epirus funding history

Epirus has 5 funding rounds on record, from Jan 2019 to Mar 2025, $537M in total. The latest disclosed valuation is $1.35B post-money (Series C, Feb 2022).

Series D 4 Mar 2025
Led by 8VC, Washington Harbour; with StepStone Group, T. Rowe Price Investment Management, Inc., Gaingels, General Dynamics Land Systems, Oppenheimer, NightDragon, Manhattan Venture Partners, Centaurus Capital LP, Center15 Capital, Protagonist.
Sources: finance.yahoo.com, epirusinc.com, techcrunch.com and 1 more
$250M
Series C 15 Feb 2022
Led by T. Rowe Price Associates, Inc., 8VC; with Bedrock, Broom Ventures, EPIQ Capital Group, Gaingels, General Dynamics Land Systems, I Squared, Moore Strategic Ventures, Parkwood, Piedmont Capital Investments, Red Cell Partners, StepStone Group.
Sources: finance.yahoo.com, epirusinc.com, dot.la
$200M
$1.35B post-money
Grant 1 Dec 2021no round page
With National Science Foundation.
Sources: research.contrary.com
$243K
Series B 17 Dec 2020
Led by Bedrock, L3Harris Technologies; with Piedmont Capital Investments, 8VC, Fathom VC, Greenspring Associates.
Sources: finance.yahoo.com, epirusinc.com, defensenews.com and 2 more
$70M
Series A 1 Jan 2019
Led by 8VC.
Sources: finance.yahoo.com, defensenews.com
$17M

Epirus investors

25 investors have backed Epirus; 8VC, Bedrock and L3Harris Technologies and 2 more led at least one round.

8VC lead, 4 rounds
L3Harris Technologies lead
T. Rowe Price Associates, Inc. lead
Gaingels 2 rounds
General Dynamics Land Systems 2 rounds
StepStone Group 2 rounds
Centaurus Capital LP
EPIQ Capital Group
Fathom VC
Greenspring Associates
Moore Strategic Ventures
National Science Foundation
Parkwood
T. Rowe Price Investment Management, Inc.

What Epirus does

Epirus works in aerospace and defence, with 14 recorded offerings and customers in defense, government, communications and energy.

Epirus, Inc. is an American defense technology company that develops and manufactures high-power microwave systems and electronics solutions for electronic warfare, air domain awareness, and counter-drone and counter-electronics operations. The company provides software-defined, energy-based high-power microwave platforms and related technologies for applications such as layered short-range air defense, maneuver short-range defense, long-range HPM air defense, and compact electronic warfare. Epirus serves clients in government, communications, energy, and security sectors, and collaborates with organizations such as General Dynamics Land Systems and the U.S. Army.

Description from Veridion's company data.

Products and services

Advanced Electronics Solutions Development
High-Power Microwave System Manufacturing
Electronic Warfare Solutions Development
Air Domain Awareness Solutions Development
Directed Energy Technology Development
Counter-Drone System Manufacturing
Counter-Electronics System Manufacturing
Layered Air Defense Solutions Development
Maneuver Short-Range Defense Solutions Development
Long-Range HPM Air Defense Solutions Development
Compact Electronic Warfare System Manufacturing
Scalable Defense Technology Development
Rapid Prototyping Services
Defense Technology Consulting Services

Markets

Defense
Government
Communications
Energy
Security

Technology

Software-Defined High-Power Microwave Technology
Intelligent Power Management for Directed Energy Systems

Business model

Business-to-Business
Manufacturing
Enterprise

Industry codes (NAICS)

334511 Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing 100% match

Questions about Epirus

What is Epirus worth?

Valuation $4.1B (range $1.9B to $6.3B), as of 24 Oct 2026. The last disclosed valuation was $1.35B (Series C, Feb 2022).

Has Epirus raised money?

Epirus has 5 funding rounds on record, from Jan 2019 to Mar 2025, $537M in total. The latest disclosed valuation is $1.35B post-money (Series C, Feb 2022).

Who has invested in Epirus?

8VC, Bedrock, L3Harris Technologies, T. Rowe Price Associates, Inc., Washington Harbour and Gaingels, and 19 more. Lead investors include 8VC, Bedrock, L3Harris Technologies and T. Rowe Price Associates, Inc..

How many people work at Epirus?

About 250, up 11% over the last year. Headcount grew from 39 in Jan 2021 to 250 in Sep 2026.

What does Epirus do?

Epirus works in aerospace and defence, with 14 recorded offerings and customers in defense, government, communications and energy. Its main offerings are advanced electronics solutions development, high-power microwave system manufacturing and electronic warfare solutions development.

When was Epirus founded, and where is it based?

Epirus was founded in 2018 and is based in Torrance, United States. It has about 250 employees, up 11% over the last year.

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