Eridan Raises $46M In Funding

Eridan, Mountain ViewCA-based company, wireless technology company, focused on improving performance of connected devices, raised $46M.

Theround was led Capricorn’s Technology Impact FundAnd Monta Vista CapitalParticipation from Social Capital, Diamond Edge VenturesAnd Pilot Grove Management. 

TheThe company plans to use the funds for the commercialization of its modules and to hire additional engineers. CaliforniaAnd Croatia – its two primary locations – to advance their development and engineering. 

LedBy CEO Doug Kirkpatrick, EridanWireless technology is being developed to improve connectivity for all people on the planet. ItsTo provide wireless networks that are sustainable and viable for 5G, proprietary radios use gallium nitride. TheCompany has more than 29 patents, both issued and pending.

In its initial stages of deployment – slated for late 2023 – Eridan’s MIRACLE RF Front End ModuleThe small cell manufacturers of telecom equipment will benefit from this technology. MassiveMIMO systems are available for urban and suburban areas. TheThe module, which is roughly the same size as a paperback, sits between modem and antenna. It will be available with OpenRAN standards interfaces. The EridanMIRACLE RF Front End ModuleIt is currently only available in limited quantities for laboratory evaluation.

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. EridanAlready has received over $30M in US contracts. DepartmentThis is Defense. 

FinSMEs

16/05/2022

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