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Raised $250M Series D (Mar 2025). $43.6M Army follow-on contract. Leonidas Gen 2 autonomous high-power microwave counter-drone system completing Army testing Feb 2026. GD partnership for HPM on autonomous vehicles.
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.
Apex Space raised $400M across Series C and D rounds in 2025, achieving a $1B+ valuation, as the first manufacturer to offer productized 100–500kg satellite buses at high production rates for commercial and government LEO constellation customers.
Apex Space is a spacecraft manufacturer founded in 2022 that produces productized, configurable satellite bus platforms ranging from 100 to 500 kilograms, designed for rapid delivery and scalability to serve the growing demand for commercial and government space missions. Unlike traditional satellite manufacturers that build fully custom spacecraft for each customer, Apex offers standardized bus platforms that dramatically reduce lead times and per-unit costs, enabling customers to deploy constellations at production scale.
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