Company Overview
About Epirus
Epirus develops Leonidas — a high-power microwave (HPM) directed energy system for counter-drone operations — which uses pulsed microwave energy to defeat drone swarms by disrupting electronics simultaneously across multiple targets. The company raised $250 million in Series D financing and secured a $43.6 million Army follow-on contract, with Leonidas Gen 2 completing Army testing in February 2026 and the Gen 2 Autonomous Ground Vehicle variant unveiled at Global Force 2026 in March 2026 through a partnership with General Dynamics.
Business Model & Competitive Advantage
HPM counter-drone technology addresses a specific gap in existing air defense: kinetic interceptors (missiles, bullets) can engage individual targets but are economically unsustainable against drone swarms (a $50,000 interceptor destroying a $500 drone is not a winning exchange rate). Leonidas's single shot can simultaneously defeat multiple drones across a 60+ degree field of view, making it economically viable for swarm defense in a way kinetic systems cannot replicate.
Competitive Landscape 2025–2026
The General Dynamics partnership for integration onto autonomous ground combat vehicles represents the next phase of HPM deployment: rather than fixed installations, mobile directed energy weapons on autonomous vehicles can provide maneuver force protection that follows ground units through contested territory. This operational concept has been validated in the Army's Multi-Domain Task Force concept and positions Leonidas as a key enabling technology for future large-scale combat operations.
Open Positions
Reddit Discussions
Key Differentiators
Strong Challenger
Epirus is an established challenger with significant market presence and competitive offerings in Defense / Space.
Growth Stage
Epirus has achieved $250M in revenue, demonstrating strong product-market fit.
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