Defense Tech Startup Epirus Secures $250 Million to Make Anti-Drone Weapons
Epirus has secured $250 million in Series D funding, as it aims to scale up production of its anti-drone weapons, the company said on Wednesday. The cash infusion comes at a time when defense contractors are struggling to meet the surge in demand for weapons following Russia's invasion of Ukraine about three years ago. Epirus won a $66 million contract in 2023 to supply its flagship product Leonidas to the U.S. Army.
- As the global demand for anti-drone technology continues to rise, companies like Epirus are poised to reap significant benefits from their investments in research and development.
- How will the increasing militarization of space influence the proliferation of anti-drone technologies and the geopolitics surrounding them?