Epirus, a defense tech startup, is raising $150-$200 million in funding led by Joe Lonsdale's 8VC, potentially lowering its valuation to $1 billion from $1.35 billion.
Founded in 2018, Epirus has attracted nearly $300 million from investors and stands among a select group of American defense tech unicorns, including Anduril and Rebellion Defense.
The future of defense funding in 2025 remains uncertain with the previous year showcasing a high of nearly $3 billion raised by startups in the sector.
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