Eridan, a Mountain View, CA-based company wireless technology company focused on improving the performance of connected device, raised $46M in funding.
The round was led by Capricorn’s Technology Impact Fund and Monta Vista Capital with participation from Social Capital, Diamond Edge Ventures and Pilot Grove Management.
The company intends to use the funds to advance the commercialization of its modules, and hire additional engineers in California and Croatia – its two primary locations – to advance their development and engineering.
Led by CEO Doug Kirkpatrick, Eridan is building wireless technology to improve connectivity for every person on earth. Its proprietary radios utilize gallium nitride to provide lower power, high bandwidth performance that makes wireless networks sustainable and viable for 5G and beyond. The company has more than 29 patents issued and pending.
In its initial stages of deployment – slated for late 2023 – Eridan’s MIRACLE RF Front End Module will be utilized by telecom equipment manufacturers building small cells and Massive MIMO systems for urban and suburban locations. The module, which is about the size of a paperback book, sits between the modem and the antenna, and will be available with OpenRAN standard interfaces. The Eridan MIRACLE RF Front End Module is currently available for laboratory evaluation in limited quantities.
Eridan’s technological applications expand far beyond daily wireless connectivity. The company’s patented technology is also being developed for enterprise and municipal wireless, IoT, and defense and public safety. Eridan has already received over $30M in contracts funded by the US Department of Defense.
FinSMEs
16/05/2022