Eridan has raised $46 million in financing for further development and production of the firm's MIRACLE RF Front End Module. The latest funding was led by Capricorn's Technology Impact Fund and Monta Vista Capital with additional participation from Social Capital, Diamond Edge Ventures and Pilot Grove Management.

Founded in 2013 by three engineering PhDs, Eridan Communications is building transformational wireless technology to improve connectivity for every person on earth. The firm's MIRACLE transceiver is based on a patent-protected switching architecture that decreases the amount of power required to transmit a gigabit of data by 5-10x.