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Defense startup Epirus in talks to raise over $150M, potentially cutting valuation


The round could give the company a valuation of about $1 billion, a decrease from the company’s previous $1.35 billion valuation.

The round could give the company, which develops technology to intercept drones, a valuation of about $1 billion. Lonsdale co-founded the company in 2018 with Bo Marr, Max Medni, Nathan Mintz, Grant Verstandig and John Tenet. Only time will tell if 2025 defense funding will reach the highs of last year, where startups in the space had scored almost $3 billion

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