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About Eridan
Industries
Data & Analytics
Hardware
Company Size
51-200
Company Stage
Series B
Total Funding
$52.5M
Headquarters
Mountain View, California
Founded
2013
Overview
Eridan Communications focuses on improving telecommunications through its unique transmitter technology that generates Radio Frequency (RF) signals. Their main product, the MIRACLE module, enhances the performance of telecommunications equipment while reducing costs and power consumption. This technology is particularly beneficial for the growing demand for 5G connectivity, as it can be applied in both urban and rural settings. Unlike many competitors, Eridan's approach allows manufacturers to integrate their modules into existing products, providing a competitive advantage in efficiency and performance. The goal of Eridan is to make wireless communication more accessible and efficient for a wide range of users.
Simplify's Take
What believers are saying
- Eridan received $36.8M in grants to expand MIRACLE radio and ORAN innovations.
- The company raised $46M to advance their 5G technology and market presence.
- Eridan's technology aligns with the trend towards energy-efficient telecommunications solutions.
What critics are saying
- Competition from larger telecom companies could overshadow Eridan's innovations.
- Supply chain vulnerabilities may delay MIRACLE module production and delivery.
- Continuous updates to MIRACLE module may be costly due to rapid tech advancements.
What makes Eridan unique
- Eridan's MIRACLE module offers 5-10x power reduction for wireless data transmission.
- Their fully digital signal generation eliminates the need for linear power amplifiers.
- Eridan's technology supports both urban and rural 5G connectivity efficiently.
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Funding
Total Funding
$52.5M
Meets
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
Vision Insurance
Dental Insurance
401(k) Retirement Plan
401(k) Company Match
Flexible Work Hours
Company Equity
Growth & Insights and Company News
6 month growth
↑ 10%1 year growth
↑ 1%2 year growth
↑ 35%Eridan, developers of the world's smallest, lightest, and most efficient 5G radio, today announced the appointment of Omid Tahernia as President and Chief Executive Officer.
Eridan receives $36.8 million in CHIPS & Science Act grants to commercialize and expand MIRACLE radio and ORAN innovations.
Eridan, a company reimagining wireless transmission to improve the performance of every connected device in the world, today announced it has been named one of the Top 100 Early-Stage Companies to Work for in 2022 by executive search firm Will Reed.
MOUNTAIN VIEW, CA, Eridan, a 5G technology startup, has raised $46 million in financing.
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 Capricorns 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 post Eridan Raises $46M In Funding appeared first on FinSMEs.
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About Eridan
Industries
Data & Analytics
Hardware
Company Size
51-200
Company Stage
Series B
Total Funding
$52.5M
Headquarters
Mountain View, California
Founded
2013
Eridan is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today