Epirus Closes $250 Million Series D

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">LOS ANGELES<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; Epirus announced an oversubscribed <span class&equals;"xn-money">&dollar;250 million<&sol;span> Series D fundraising round&comma; bringing the company&&num;8217&semi;s total venture funding to more than <span class&equals;"xn-money">&dollar;550 million<&sol;span> and positioning the company to scale production of its Leonidas™ product line to meet growing global demand&period;<&sol;p>&NewLine;<p>Leonidas is a scalable solid-state&comma; high-energy&comma; high-power microwave &lpar;HPM&rpar; technology for counter-electronics applications that has been proven effective in Department of Defense testing in countering drones&comma; drone swarms&comma; and other electronics&period;<&sol;p>&NewLine;<p>This investment will enable Epirus to grow and acquire the best talent&comma; improve supply chain resiliency&comma; upgrade internal systems and processes&comma; expand into international and commercial markets&comma; and increase the company&&num;8217&semi;s innovation and manufacturing footprint in the U&period;S&period;<&sol;p>&NewLine;<p>The round was led by 8VC and Washington Harbour Partners LP&comma; alongside a deep roster of return investors including StepStone Group&comma; funds and accounts advised by T&period; Rowe Price Investment Management&comma; Inc&period;&comma; Gaingels&comma; strategic defense partner General Dynamics Land Systems&comma; and new investors including Oppenheimer&&num;8217&semi;s Private Market Opportunities Vista VI Fund&comma; NightDragon&comma; Manhattan Venture Partners&comma; Centaurus Capital LP&comma; and Center15 Capital&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Our directed EMP is already the best protection against drone swarms today&comma;&&num;8221&semi; <b>said <span class&equals;"xn-person">Joe Lonsdale<&sol;span><&sol;b>&comma; <b>Epirus Founder and Managing Partner&comma; 8VC<&sol;b>&period; &&num;8220&semi;With our capital and talent and the right partnerships with US DoD to continue to advance Epirus&&num;8217&semi; technology&comma; it will quickly become critical for defending aircraft&comma; ships and even satellites and space-based platforms—and determinative for the future of warfare&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;The future of warfare demands defense technologies that are intelligent&comma; agile&comma; scalable&comma; and cost-effective&comma;&&num;8221&semi; <b>said <span class&equals;"xn-person">Mina Faltas<&sol;span><&sol;b>&comma;<b> Founder and Chief Investment Officer at Washington Harbour Partner<&sol;b>s&period; &&num;8220&semi;Epirus is delivering exactly that as the transformative leader in counter-electronics technology&comma; delivering the only field-deployable solution capable of neutralizing drone swarms at scale&period; As the U&period;S&period; faces mounting threats and a strained defense industrial base&comma; Epirus provides a unique asymmetric advantage to fill a critical gap in our national security&period; We are honored to partner with Epirus as they pioneer the next generation of directed energy capabilities&comma; redefining how we protect our warfighters&comma; civilians&comma; and critical infrastructure&period;&&num;8221&semi;<&sol;p>&NewLine;