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Defense tech startupEpirusis reportedly raising between $ 150 million and $ 200 million in a new funding round lead by Joe Lonsdale ’s speculation firm 8VC , Bloomberg reports . The round could give the company , which develop engineering to tap drones , a valuation of about $ 1 billion . If that ’s the terminal evaluation , it would be a decrease from the company ’s previous $ 1.35 billion valuation . ( Epirus did not comment to Bloomberg . )
Lonsdale co - founded the company in 2018 with Bo Marr , Max Mednik , Nathan Mintz , Grant Verstandig , and John Tenet . The startup has already bring up near $ 300 million from investor like DCVC and Bedrock , harmonize to PitchBook . It ’s also one of the few American - based defending team technical school unicorns , alongside party like Anduril , Shield AI , and Rebellion Defense .
Only time will tell if 2025 defense funding will reach the high school of last twelvemonth , where startup in the space had scored almost $ 3 billionby November .
