Eridan announced that it has raised $46 million in financing for further development and production of our MIRACLE RF Front End Module.
The company plans to use the funding to enable improved connectivity for more people, using less energy, less expensive infrastructure, and less spectrum. Today’s wireless connectivity infrastructure consumes 2.3% of the world’s electricity. Expanding access to broadband connectivity by replacing today’s 4G networks with 5G will require 9x more power, and genuinely universal 5G connectivity will consume as much as 48x more electricity – a prohibitively expensive, environmentally unsound, and economically infeasible number.
Eridan claims that it is the first and only company to build a direct polar transmitter in gallium nitride and silicon, which provides multiple advantages over current solutions based on linear amplifiers, including:
- 10x less input power to provide the same coverage.
- 60-100x reduction in power consumption in sparsely-populated areas, due to improved spatial efficiency.
- Equipment that’s smaller, lighter, and less expensive to install, and doesn’t require specialized power sources or heavy heat sinks.
In its initial stages of deployment (late 2023), Eridan's MIRACLE RF Front End Module will be used by telecom equipment manufacturers building small cells and Massive MIMO systems for urban and suburban locations. Eridan's 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 company plans to use our new funding to advance the commercialization of our modules. That means they are hiring for all sorts of positions, from hardware and software engineering through to production, marketing and finance.
Doug Kirkpatrick, Eridan CEO and Co-founder
Accessible, efficient and reliable wireless connectivity is critical to our future economic, environment and social well being. Achieving that reality, however, is impossible without a major technology breakthrough to reduce the spectrum and power needed. That’s how Eridan will provide improved and expanded connectivity for everyone, everywhere, using a fraction of the power.
