What is Epirus?
High-power microwave systems for counter-drone defense.
- Category
- Directed energy defense
- Headquarters
- Torrance, CA
- Founded
- 2018
- Employees
- 200-500
- Total funding
- ~$287M
- Valuation
- ~$1.35B last reported (2022)
What is Epirus?
Epirus builds Leonidas high-power microwave systems designed to disable drone swarms, small boats, and other electronics.
Epirus builds Leonidas high-power microwave systems designed to disable drone swarms, small boats, and other electronics. As of June 2026, it sits in Directed energy defense with headquarters in Torrance, CA.
Public sources cite a $66.1M U.S. Army IFPC-HPM prototype contract, four delivered Army prototypes by March 2024, Navy maritime testing, and about $287M of venture funding. Its public traction is strongest where customers need high-reliability systems, safety, and mission or operational outcomes rather than experiments.
For sellers, Epirus should be treated as a technical account with multiple buying centers. Product, engineering, security, operations, finance, and customer-program teams can all matter depending on the workflow.
What does Epirus offer?
Epirus offers products and services across Directed energy defense.
- Leonidas· Counter-UAS
- Leonidas Expeditionary· Mobile defense
- Leonidas H2O· Maritime
- Leonidas Pod· Airborne payload
- Stryker integration· Vehicle integration
- Counter-electronics software· Software
How does Epirus make money?
Epirus does not publish list pricing. Revenue is driven by prototype awards, defense programs, system integration, production, and sustainment rather than commercial seats.
Epirus does not publish list pricing. Revenue is driven by prototype awards, defense programs, system integration, production, and sustainment rather than commercial seats.
Growth depends on converting rapid-acquisition prototypes into programs of record and allied demand for reusable counter-swarm systems.
The practical revenue drivers are deployment scale, customer proof, reliability, and attach of software, support, integration, or sustainment. Public pricing is limited or quote-based, so deal sizing should be anchored in programs, fleet size, usage, or enterprise scope rather than a published tier page.
Who leads Epirus?
Epirus's public leadership includes Andy Lowery, Leigh Madden, Ken Bedingfield, Bo Marr.
- Andy LoweryChief Executive OfficerCEOPublic CEO for Leonidas and directed-energy programs.
- Leigh MaddenChief Growth OfficerSenior executiveDefense and technology go-to-market leader.
- Ken BedingfieldFinance executiveSenior executiveFormer defense finance leader associated with Epirus scaling.
- Bo MarrTechnology leaderSenior technical leaderAssociated with high-power microwave and counter-electronics development.
How do you contact Epirus's leadership?
Epirus publishes corporate or team contact routes, but individual executive inboxes are generally not published. The personal emails below are format-following addresses based on public email-pattern signals; treat them as routing hypotheses, not verified personal inboxes.
first.last@epirusinc.comHow much funding has Epirus raised?
Epirus has raised ~$287M; latest public valuation/status is ~$1.35B last reported (2022).
Epirus's disclosed financing history is: 2019: Early venture rounds (Seed/Series A capital to develop Leonidas and RF hardware.) 2021: Series B growth capital (Funding to expand Leonidas testing and defense demonstrations.) Feb 2022: Series C - ~$1.35B valuation ($200M led by T. Rowe Price Associates with existing backers.) Jan 2023: Army contract ($66.1M IFPC-HPM contract for four Leonidas prototypes.)
The latest round/status is $200M Series C (2022). Notable backers include T. Rowe Price, and the valuation/status to use as of June 2026 is ~$1.35B last reported (2022).
Funding should be read together with customer traction. For hardware, robotics, autonomy, or defense companies, contract conversion, production scale, safety validation, and deployment economics matter as much as nominal capital raised.
How did Epirus get here?
Epirus's timeline runs from founding in 2018 to its latest financing and deployment milestones.
- 2018FoundedCompany starts in Southern California.
- 2020Leonidas unveiledHigh-power microwave counter-drone system enters public view.
- 2022Raises $200M Series CValuation reported near $1.35B.
- 2023Army selects Leonidas$66.1M IFPC-HPM prototype contract.
- Mar 2024Four prototypes deliveredArmy receives all four rapid-acquisition systems.
- 2025Maritime and expeditionary testsH2O and ExDECS variants receive public attention.
Who are Epirus's competitors?
Epirus competes with companies that solve adjacent customer problems in Directed energy defense.
- AndurilCounter-UAS and autonomous defense systems with Lattice integration.
- Leonardo DRSDefense electronics and directed-energy-adjacent systems.
- RaytheonEstablished air-defense and directed-energy programs.
- BlueHaloCounter-UAS and directed-energy defense systems.
- Fortem TechnologiesDrone detection and interceptor systems.
Epirus — frequently asked questions
