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Epirus has established an advisory board composed of industry executives who bring experience in national security, technology, communications and health care sectors and who will provide the Los Angeles-based technology company with recommendations on business growth and technology delivery.
MoreEpirus, a Los Angeles-based developer of high-powered microwave technology for defense and commercial applications, has raised $70M in a Series B fundraising round led by Bedrock Capital. The new capital will fund production of SmartPower, an Epirus technology designed to facilitate HPM transmission with the use of gallium nitride semiconductors.
MoreThough venture capitalists have invested heavily into defense startups and these companies have expressed interest in pursuing more government contracts, these companies have not yet captured the attention of the Department of Defense. Defense spending trends continue to reflect a strong preference for more established contractors as in fiscal year 2023, startups only accounted for 1 percent of the $411 billion in contracts issued by the DOD.
MoreKenneth Bedingfield has been selected to serve as senior vice president and chief financial officer of L3Harris Technologies, effective Dec. 11. In his new role, Bedingfield will guide the company’s financial strategy while overseeing its global finance team, L3Harris announced from its Melbourne, Florida headquarters on Monday.
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