Lonsdale-Backed Defense Startup Set to Raise Over $150 Million

The Joe Lonsdale-backed venture capital firm 8VC is leading an investment in Epirus Inc., a startup developing technology to detect and intercept drones, according to people familiar with the matter.

The company is in talks to raise between $150 million and $200 million at a valuation of about $1 billion, including the new investment, said the people, who asked not to be identified discussing private information. That’s a slight decrease from the $1.35 billion value the company achieved as part of Epirus’ $200 million Series C funding announced in early 2022.