On February 15, 2022, Epirus, Inc. closed the transaction. The company has raised $200,000,000 in its Series C round. The transaction was led by funds and associates advised by new investor T. Rowe Price Associates, Inc, and included participation from new investors Broom Ventures, EPIQ Capital Group, LLC, Gaingels, LLC, General Dynamics Land Systems Inc., I Squared Capital Advisors, LLC, Moore Strategic Ventures, LLC, Parkwood, LLC, Red Cell Partners, LLC, StepStone Group Inc., existing investors Piedmont Capital Investments LLC, Eight Partners VC, LLC and Bedrock Capital Partners.

The company announced that it has received $9,168,856 in its second and final tranche. The round was raised at a post money valuation of $1,350,000,000.