About Eridan
Eridan is a Technology company based in Santa Clara (United States) founded in 2013 by Earl McCune and Dubravko Babic. Wireless transceivers for IoT and satellite applications are provided. Eridan has raised $16.05 million across 6 funding rounds from investors including Social Capital, DARPA and National Oceanic and Atmospheric Administration. Eridan offers products and services including Miracle Radio Unit. Its focus areas include High Tech, Internet of Things Infrastructure, IoT Chips and Transceivers. Its legal entity is ERIDAN COMMUNICATIONS D.O.O. Its competitors include Particle, Aquantia and ZettaCom; 3 of its 3 listed competitors have raised funding.
Company details
Eridan was founded in 2013 and is based in Santa Clara, United States. Wireless transceivers are supplied by the company for sectors including IoT, satellite communications, small cells, defense, and massive MIMO systems. Operations focus on devices with 5G networking features that maintain standard power efficiencies. The technology supports diverse applications in telecommunications and related fields.
- Annual Revenue$439.29 K (USD)131as on Dec 31, 2022
- Net Profit$100.71 K (USD)125as on Dec 31, 2022
- Total Equity Funding$16.05M (USD)
in 6 rounds
- Latest Funding Round$36.81M (USD), Grant
Jan 2025
- InvestorsSocial Capital
& 6 more
Products & Services of Eridan
Eridan offers a comprehensive portfolio of products and services, including Miracle Radio Unit.
Delivers advanced 5G coverage with low power and modular design.
Funding Insights of Eridan
Eridan has successfully raised a total of $16.05M across 6 strategic funding rounds. The most recent funding activity was a Grant round of $36.81 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $16.05M
- Total Rounds 6
- Last Round Grant — $36.81M
- First Round $5M
(Jun 2013)
- Investors Count 7
All 6 funding rounds of Eridan with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2025 | $36.81M | Grant | – | – | |
| Dec 2024 | $36.8M | Grant | – | – | |
| Aug 2024 | $3.05M | Series B | – | – | – |
| May 2022 | Series B | – | Capricorn, Monta Vista Capital | ||
| Jun 2019 | $8M | Series A | – | – | – |
| Jun 2013 | $5M | Series A | – | Social Capital |
7 investors in total: 7 institutional.
Investors in Eridan
Eridan has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Social Capital, DARPA and National Oceanic and Atmospheric Administration.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech-focused VC firm investing in geographies such as the US | montavc.com | Mountain View, United States | ||
US focused VC firm investing in seed & growth stage companies | 2011 | socialcapital.com | Menlo Park, United States | |
| diamondedgeventures.com | ||||
| noaa.gov | ||||
Telecommunications policy is advised and spectrum management is provided. | ntia.gov | Washington, DC, United States | ||
Sustainable investment solutions are provided by Capricorn Investment Group. | capricornllc.com | Palo Alto, United States | ||
| 1958 | darpa.mil | United States |
Investor details for Eridan
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People of Eridan
6 people are tracked at Eridan (4 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Earl McCune | Co-Founder & CTO | Leadership |
Dubravko Babic | Co-Founder & President | Leadership |
Douglas Kirkpatrick | CTO | Leadership |
Leon Šneler | Director of GaN Engineering | Leadership |
Rick Meller | Senior RF Engineer | Team |
Edmond Tam | Principal Verification And Validation Engineer | Team |
Complete people profiles for Eridan
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Timeline of Eridan
3 dated milestones of Eridan across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Eridan is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Grant, of $36.8M.
Competitors of Eridan
Eridan has 3 listed competitors in our database, 3 of them funded. They include Particle, Aquantia and ZettaCom.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| aquantia.com | 2004 | San Jose, United States | $230.23M | 3,145 | High-speed transceivers and semiconductor circuits are manufactured fablessly. | |
| zettacom.com | 1999 | Santa Clara, United States | $66.7M | Switch fabric and traffic management chips are designed by ZettaCom. |
Detailed competitors of Eridan
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Eridan
The website of Eridan (eridan.io) receives about 2.7K visits a month.
- Monthly visits2.7K
▼ 43.1% vs previous month
Top companies in Semiconductors & ICs
3 companies that operate in the same segment as Eridan (Semiconductors & ICs) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of cloud and AI-based cellular communication ICs | 1985 | San Diego, California, United States | USD 44.28 B | 49,000 | ||
Full-stack quantum computing solutions using superconducting qubits are developed. | 2013 | Berkeley, California, United States | USD 195.62 M | USD 7.09 M | 140 | |
AI-powered graphical processing units and SoCs | 1993 | Santa Clara, California, United States | USD 5 M | USD 130.5 B | 36,000 |
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Frequently Asked Questions about Eridan
Eridan was founded in 2013.
Eridan is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Eridan is a funded company, having raised a total of $16.05M across 6 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Jun 2013.
Annual revenue of Eridan is $439.29K as on Dec 31, 2022.
Eridan was founded in 2013 and is based in Santa Clara, United States. Wireless transceivers are supplied by the company for sectors including IoT, satellite communications, small cells, defense, and massive MIMO systems. Operations focus on devices with 5G networking features that maintain standard power efficiencies. The technology supports diverse applications in telecommunications and related fields.
Eridan offers Miracle Radio Unit.
Eridan has 7 investors. Key investors include Social Capital, DARPA, National Oceanic and Atmospheric Administration, National Telecommunications and Information Administration, and Capricorn Investment Group.
Eridan operates through Eridan Communications D.O.O..