Epirus builds directed energy and power management systems to solve some of the world's most complex problems
Epirus is a defense technology company developing solid-state, software-defined directed energy systems combining long-pulse high-power microwaves (HPM), AI, and advanced electronics for counter-electronics applications and power management in defense and commercial sectors. The company specializes in counter-drone and electronic warfare capabilities to address asymmetric challenges in national security.
Defense📍 Torrance, CaliforniaFounded 2018
Current Valuation
$1.0B
as of 2025-Q1
UNICORN
QL Price
$899.18M
-11% vs last round
QuantLogix's current estimate for Epirus, published 2026-10-08 — below the last disclosed round of $1.0B (2025-Q1).
Confidence
medium
Basis
blended
What backs this price
Last disclosed round
$1.0B
2025-Q1
weight 0.35
Secondary market print
$922.41M
2026-06-27
weight 0.54
Public-company comparables
$126.39M
2025-Q1
weight 0.06
How this price has held up
No round has priced for Epirus since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-08 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Epirus, 2026-10-08 (db0fc6784fd97774).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Epirus going public?
No. Epirus is private and has not filed to go public. There is no S-1 on file.
What is Epirus' valuation in 2026?
Epirus is valued at $1.0B as of 2025-Q1, set by its Series D ($250M, Mar 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Epirus filed an S-1?
No public S-1 is on file for Epirus.
Who are Epirus' investors?
Epirus' investors include 8VC, Washington Harbour Partners, T. Rowe Price, StepStone Group, Gaingels, General Dynamics Land Systems and 9 more.
How much has Epirus raised?
Epirus has raised $550M in total, most recently a Series D of $250M in Mar 2025.
Is Epirus publicly traded — can you buy Epirus stock?
No. Epirus is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Epirus on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Andy Lowery
Founded
2018
HQ
Torrance, California
Employees
251-500
Total Raised
$550M
Est. Revenue
$80.5M (2025-Q1)
Growth
high-growth defense technology company
Last Round
Series D — $250M (Mar 2025)
IPO Status
Private
Fundraising Status
Series D · $250M · 1y 7mo ago
PrivateTotal raised $550M
Secondary Market
Implied price / share
$5.11
Last round price / share
$5.58
vs last round
-8.4%
Open interest
6
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series D
$250M
Mar 2025
—
—
Vertical Intelligence — Defense / Aerospace
Federal awards
6
prime contracts, last 36 months
Obligated
$3.51M
top: Department of Defense
Largest award
$2.48M
Department of Defense
Latest award
2025-12-29
Largest award: AN ULTRA EFFICIENT ANALOG CORRELATOR USING TIME-VARYING TRANSMISSION LINE (TVTL) TECHNOLOGY (ULTRA-AC) (FA865023C7305)
Name-verified against recipient "EPIRUS, INC" on USASpending.gov as of 2026-10-04. Prime awards only — subcontracts and classified work are not visible in the public registry. Verify on USASpending.gov ↗
Talent Signal
Hiring trend
▲ Hiring uptrend
+10% vs 2026-08
Open roles
43
via greenhouse
Product-build share
53%
engineering, research, product, design
Trajectory
expanding
product-led hiring — 53% of open roles build product; the rest are go-to-market and G&A.
No tracked executive churn; open roles trending up.
Counted from Epirus's live job board as of 2026-09-16; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Joe LonsdaleBo MarrMax MednikNathan MintzGrant VerstandigJohn Tenet
Investors
8VC · Washington Harbour Partners · T. Rowe Price · StepStone Group · Gaingels · General Dynamics Land Systems · Oppenheimer Private Market Opportunities Vista VI Fund · NightDragon · Manhattan Venture Partners · Centaurus Capital · Center15 Capital · M42 · Geoffrey Lewis · Bedrock · Broom Ventures
Products
Leonidas directed energy weapon
IFPC-HPM Generation II Systems
Epirus Pod compact electronic warfare
Air Domain Awareness systems
Power management systems
Competitors
Anduril · Raytheon · Lockheed Martin · Northrop Grumman · Shield AI · Saronic
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q1. Refreshed quarterly.