Epirus, Inc.  

Torrance,  CA 
United States
http://www.epirusinc.com

• Booth: 2241

Epirus delivers directed energy weapons that enable unprecedented counter-electronics capabilities. Epirus’ flagship product –Leonidas– provides a tactical form factor counter-electronics weapon capable of swarm defeat with increased standoff distances, speed-of-light engagements and the absence of issues with magazine depth and capacity. With a constant emphasis on innovation, Epirus is bringing tomorrow’s capabilities to life today to defeat asymmetric threats and deter near-peer adversaries.

 Press Releases

• Epirus Raises $200 Million in Series C Funding (Feb 15, 2022)

  LOS ANGELES, CA – FEBRUARY 15, 2022 – Epirus, a market leader in developing directed energy systems and power management solutions, today announced $200 million in Series C funding, bringing the company’s total financing raised to-date to $287 million. With a valuation of $1.35 billion, the company is uniquely positioned as a robust technology provider.

  The round was led by funds and associates advised by T. Rowe Price Associates, Inc., with support from original investor 8VC, alongside a diverse set of investor groups: Bedrock, Broom Ventures, EPIQ Capital Group, Gaingels, General Dynamics Land Systems, I Squared Capital, Moore Strategic Ventures, Parkwood, Piedmont Capital Investments, Red Cell Partners and StepStone Group.

  “I am grateful for our new and returning investors who share our vision for redefining the future of power. Nothing that we achieve as a company would be possible without the extraordinary work and dedication of our most valuable asset: our people,” said Leigh Madden, Chief Executive Officer of Epirus. “This new round of funding and associated valuation are clear signals of the increased demand for our directed energy systems and the limitless application areas for our SmartPower technology. Our successes to date are noteworthy and, with our world-class team at the helm, I trust that the best is yet to come for Epirus.”

  Since its founding in 2018, Epirus has quickly translated its bold vision into a rapidly scaling company with multiple product lines in development to support both government and commercial markets. In the past year alone, Epirus more than doubled its workforce and opened a new Corporate Headquarters in Torrance, California to support the company’s accelerated growth. With recent contracts awarded by the Defense Advanced Research Projects Agency (DARPA) and the Army Applications Laboratory, Epirus continues to establish itself as a major player in the defense technology space and lay the groundwork for the commercial application of its technology.

  “What we’re seeing in the market today is a disconnect between the national security challenges at hand and the pace of innovation needed to solve them,” said Simon Paterson, Investment Analyst at T. Rowe Price Associates. “With its scientific sophistication, cutting-edge technology and seasoned leadership team, Epirus is well positioned to bring forth enduring solutions to some of the most defining challenges of our time, helping to make the world a safer place.”

  Epirus built, demonstrated and validated its flagship product Leonidas – the world’s most powerful software-defined high-power microwave (HPM) system – in under a year, a testament to the company’s culture of rapid innovation. Epirus recently expanded their directed energy product portfolio with the introduction of Leonidas Pod, a portable and modular HPM system. Leonidas and Leonidas Pod work in unison to create a layered defense system against hostile drones and other electronic threats. 

  “These funds position Epirus to further disrupt an industry in desperate need of change and invention. Epirus’ SmartPower platform will transform a broad range of defense and commercial applications by saving power, extending range and increasing reliability,” said Grant Verstandig, Executive Chairman and Co-Founder of Epirus. “At a time when drone attacks are on the rise, Epirus’ world-class leadership team has validated the efficacy of HPM technology.”

  Powering the company’s cutting-edge products is Epirus’ machine-intelligent SmartPower technology platform. The platform uses real-time machine intelligence to deliver unprecedented outcomes in power management – increasing efficiency and maximizing output. This technology could address some of the world’s most pressing environmental challenges, distributing energy more efficiently across various use cases.

  “In just three short years since we founded the company, the team at Epirus has disrupted the status quo with their revolutionary technology, bridging the gap between innovation and establishment,” said Joe Lonsdale, Managing Partner at 8VC and Co-Founder of Epirus. “This new round of funding will enable the company to ascend even further – expanding the visionary team, forging new markets and ultimately creating long-term economic and societal value.”

• Epirus Unveils Portable HPM Leonidas™ Pod, Expanding Advanced Electronic Warfare Product Portfolio (Feb 15, 2022)

  LOS ANGELES, CA – FEBRUARY 14, 2022 – Epirus, pioneers of the world’s most powerful phased array, announced today the introduction of Leonidas Pod, a first-to-market, solid-state, multiple shot high-power microwave (HPM) system and the latest addition to the company’s suite of advanced electronic warfare (EW) solutions.

  Epirus’ Leonidas family of products utilize software-defined HPM technology to unlock unprecedented EW capabilities. Leonidas ground-based systems allow for defensive 360-degree forward operating base protection from incoming threats. The newly introduced Leonidas Pod enables a range of mission capabilities and, with multiple mount options to maximize portability, can advance directly to the threat environment. With Leonidas deployed alongside a drone-mounted Leonidas Pod, the systems work in unison to achieve greater power and range and create a layered defense forcefield.

  Epirus’ Leonidas systems are not constrained by magazine depth nor capacity and offer a far more cost-effective solution to countering electronic threats as compared to kinetic approaches, which can cost millions for a single munition. Epirus HPM achieves rapid firing on any target with near-instant effects, without reloading or overheating. Both Leonidas and Leonidas Pod are interoperable by design and their scalability allows for seamless compatibility with partner systems in support of a fully integrated counter-electronics kill chain.

  Leonidas Pod features a unique form factor – marked by its unprecedented size and portability – and is able to power up and down in minutes, not hours, to rapidly respond to evolving threat environments. In addition, the system’s extended battery life allows users to take Leonidas Pod directly to the threat area, no matter the domain, and safely return to base. When drone-mounted, for example, Leonidas Pod’s standby mode allows operators the flexibility to only activate the system when needed and further extend battery life.

  “Epirus’ revolutionary approach to power management has ushered in breakthrough electronic warfare systems to fill immediate capability gaps. With the continued advancement of Leonidas and now with the rapid commercialization of Leonidas Pod, Epirus continues to prove that lasting innovation does not have to take decades,” said Andy Lowery, Chief Product Officer, Epirus. “We look forward to working with our partners as we continue to drive mission success, support critical national security efforts and expand into new markets.”

   Leonidas Pod marks the next chapter of Epirus innovation and adds to the company’s wide range of security solutions across government and commercial applications. In 2020, the company introduced its ground-based Leonidas system – the only counter-electronics weapon with proven counter-drone swarm and precision strike capabilities. Throughout three highly successful field demonstrations in 2021, Leonidas achieved positive effects on both rotary and fixed-wing drones across a number of real-time scenarios.  At its most recent demonstration, Leonidas successfully disabled an outboard ship motor, cementing the system’s broader counter-electronics capabilities and accelerated vessel-stop effects for enhanced maritime support.  

  Today’s announcement comes on the heels of a number of recent wins for Epirus. In December 2021, the company was awarded a multi-million-dollar contract from the Defense Advanced Research Projects Agency’s (DARPA) to develop software that enables more accurate prediction of electromagnetic waveform behaviors. The next month, in January 2022, Epirus was one of four companies selected to the Army Application’s Laboratory Solider Power Cohort to develop intelligent power management solutions for the U.S. Army. 

  Epirus will be participating in the 32nd Annual AFCEA West Conference in San Diego, California (February 16-18, 2022) to showcase scaled prototypes of Leonidas and Leonidas Pod at Booth 2241. The company is set to deliver its third ground-based Leonidas article this year, with new features, greater power and enhanced counter-electronics effects.

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