Anduril vs Epirus
Side-by-side equity comparison for employees weighing offers at Anduril or Epirus. Valuations, funding history, headcount growth, and secondary-market context.
| Anduril | Epirus | |
|---|---|---|
| Latest valuation | $31B | $2B |
| Latest round | Series F | Series C |
| Round date | August 2024 | — |
| Total raised | $3.7B | $350M |
| Founded | 2017 | 2018 |
| Headquarters | Costa Mesa, CA | Torrance, CA |
| Employees | 4 | 242 |
| Employee YoY growth | +33% | +20% |
| Primary industry | Aerospace & Defense | Aerospace & Defense |
| Secondary-market price | $94.45 | — |
| Base-case equity multiple | — | 1x |
| Upside equity multiple | — | 2x |
| Lead investors | Andreessen Horowitz, Founders Fund | 8VC, Bedrock Capital |
| Status | private | private |
Overview
Anduril Industries builds autonomous defense systems including surveillance towers, counter-drone technology, and autonomous aircraft, powered by its Lattice AI platform for military and national security applications.
Defense technology company building high-power microwave and directed energy systems for counter-drone and electronic warfare applications.
Why we compare these
Anduril and Epirus both appear on Defense-tech unicorns .
Epirus appears on Sara's List 2024; Anduril is a direct competitor we track alongside it.
If you're evaluating offers at either one, the equity math depends on more than the headline valuation — dilution, strike price, time to liquidity, and concentration risk all matter. Use our equity compensation calculator and exit calculator to model your own numbers.