Epirus vs Mercury
Side-by-side equity comparison for employees weighing offers at Epirus or Mercury. Valuations, funding history, headcount growth, and secondary-market context.
| Epirus | Mercury | |
|---|---|---|
| Latest valuation | $2B | $4B |
| Latest round | Series C | Series C |
| Round date | — | June 2024 |
| Total raised | $350M | $213M |
| Founded | 2018 | 2017 |
| Headquarters | Torrance, CA | San Francisco, CA |
| Employees | 242 | 2,814 |
| Employee YoY growth | +20% | -2% |
| Primary industry | Aerospace & Defense | Fintech |
| Secondary-market price | — | $12.24 |
| Base-case equity multiple | 1x | 1x |
| Upside equity multiple | 2x | 1x |
| Lead investors | 8VC, Bedrock Capital | Sequoia Capital, Andreessen Horowitz |
| Status | private | private |
Overview
Defense technology company building high-power microwave and directed energy systems for counter-drone and electronic warfare applications.
Mercury is a financial technology company that provides banking services tailored for startups, including checking and savings accounts, treasury management, and corporate cards.
Why we compare these
Epirus and Mercury both appear on Sara's List 2024 .
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.