Activation Epixture collected a D series value $ 250 million led by 8VC 1 AND Washington Harbor Partners In the latest example of defense technology raising large.
The company based in Los Angeles has developed high energy microwave technology in order to counteract drones, drone swarms and other electronics.
The recent round included a strategic investment with General Dynamics Land Systems. Epirus – founded in 2018 – didn’t spend a valuation after the recent round, but collected over $ 550 million by company.
Epirus plans to make use of recent funds to increase to international and business markets and develop its working force.
“With our capital and talent and the right partnerships with We DO To continue to develop Epirus technology, it will quickly become crucial for the defense of aircraft, ships, and even cosmic satellites and platforms-and determination for the future of the war, “said the founding father of Epirus and Managing Partner of 8VC. Joe Lonsdale.
Large dollars for defense
The Holy Round Epirus is just the latest example of cash that currently fall into defense technology.
Financing for startups supported by VC in defense-marked here as industries of troops, national security and law enforcement agencies-$ 3 billion on Crunchbase data. This is a small 11% increase from 2023, as a results of which $ 2.7 billion was collected.
Last month, the manufacturer of autonomous surface vessels Saronic Closed the C series with a value of $ 600 million run by the investor Sell Gil This valued the startup of $ 4 billion. The startup based in Austin, Texas designs and produces autonomous surface vehicles – essentially drones for US Navy This one moves along the surface of the water.