How much has Epirus raised?
Epirus has raised ~$287M. The latest public valuation/status is ~$1.35B last reported (2022), and the latest major financing signal is $200M Series C (2022).
- Total raised
- ~$287M
- Disclosed rounds
- 4
- Latest round
- $200M Series C (2022)
- Latest valuation
- ~$1.35B last reported (2022)
- First raised
- 2019 seed/Series A
- Notable backer
- T. Rowe Price
Epirus's funding rounds
Epirus's funding trajectory is anchored by $200M Series C (2022).
- 2019Early venture roundsSeed/Series A capital to develop Leonidas and RF hardware.
- 2021Series B growth capitalFunding to expand Leonidas testing and defense demonstrations.
- Feb 2022Series C - ~$1.35B valuation$200M led by T. Rowe Price Associates with existing backers.
- Jan 2023Army contract$66.1M IFPC-HPM contract for four Leonidas prototypes.
Sources:Defense News - Army $66M Leonidas contractAxios - Army receives Epirus prototypesWikipedia - Epirus Leonidas
How much has Epirus raised in total?
Epirus has raised ~$287M. The disclosed 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.)
Who are Epirus's investors?
The most important named backer signal in this profile is T. Rowe Price. Investors matter here because they often provide more than money: distribution, government credibility, compute, manufacturing help, or strategic customer access.
Why did Epirus's valuation move?
The valuation/status is ~$1.35B last reported (2022). It moved with customer traction, strategic partnerships, market appetite for Directed energy defense, and the company's ability to show deployment progress rather than just technical promise.
Is Epirus profitable, and will it IPO?
Epirus has not disclosed audited profitability or a firm IPO timeline in the public sources used here. An IPO path would require predictable revenue, customer concentration clarity, compliance maturity, and proof that deployments scale economically.
What does Epirus's funding mean if you sell into them?
The funding is a buying signal for the functions closest to growth: engineering, infrastructure, security, manufacturing or deployment operations, customer success, and finance. Sellers should map the specific program funded by the latest round instead of pitching generic corporate spend.
As of June 2026.Sources:EpirusDefense News - Army $66M Leonidas contractAxios - Army receives Epirus prototypesWikipedia - Epirus Leonidas
Epirus — frequently asked questions
