Eridu AI - About the company
Eridu AI is a series A company based in Saratoga (United States), founded in 2023 by Mike Capuano, Omar Hassen and Drew Perkins. It operates as a Developer of data center infrastructure technology for artificial intelligence acceleration. Eridu AI has raised $230M in funding from investors like Capricorn, Socratic Partners and HRT. The company has 4275 active competitors, including 175 funded and 91 that have exited. Its top competitors include companies like Groq, Cerebras and Anaconda.
Company Details
Developer of data center infrastructure technology for artificial intelligence acceleration. The company focuses on overcoming infrastructure barriers that limit compute performance. It aims to deliver new levels of intelligence with reduced power consumption and cost. The company innovates at artificial intelligence scale.
Key Metrics
Founded Year
2023
Location
Saratoga, United States
Stage
Series A
Total Funding
$230M in 2 rounds
Latest Funding Round
Ranked
25th among 4275 active competitors
Employee Count
103 as on Jun 30, 2026
Legal entities associated with Eridu AI
Eridu AI is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ERIDU CORPORATION CIN: 7298928 , United States, Active | Feb 17, 2023 | - | 15 (As on Dec 31, 2023) | - |
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Eridu AI's funding and investors
Eridu AI has raised a total funding of $230M over 2 rounds. Its latest funding round was a Series A round on Mar 06, 2026 for $*****. 11 investors participated in its latest round. Eridu AI has 10 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Eridu AI:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 06, 2026 | 5184471 | Series A | 1687643 | 4271066 | 7134509 | 7462180 |
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Eridu AI's founders and board of directors
Founder? Claim ProfileThe founders of Eridu AI are Mike Capuano, Omar Hassen and Drew Perkins. Drew Perkins is the CEO of Eridu AI.
Here are the details of Eridu AI's key team members:
- Mike Capuano: Co-Founder of Eridu AI. Contact Info: 1 email address
- Omar Hassen: Co-Founder of Eridu AI. Contact Info: 1 email address
- Drew Perkins: Co-Founder & CEO of Eridu AI. Contact Info: 1 email address
View details of Eridu AI's Founder profiles and Board Members
Eridu AI's employee count trend
Eridu AI has 103 employees as of Jun 26. Here is Eridu AI's employee count trend over the years:
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Eridu AI's Competitors and alternates
Top competitors of Eridu AI include Groq, Cerebras and Anaconda. Here is the list of Top 10 competitors of Eridu AI, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Groq 2016, Mountain View (United States), Series E | Developer of specialized hardware processors for artificial intelligence inference workloads | $2.77B | 72/100 | |
2nd | Cerebras 2015, Sunnyvale (United States), Public | Provider of high-performance AI infrastructure and wafer-scale computing solutions | $2.82B | 72/100 | |
3rd | Anaconda 2012, Austin (United States), Series C | Provider of a platform for developing and deploying data science projects | $210M | 72/100 | |
4th |  TaskUs 2008, San Antonio (United States), Acquired | Provider of customer care and back office support services for multiple sectors | $15M | 71/100 | |
5th |  Biren Technology 2019, Minhang (China), Public | Developer of AI acceleration modules, cards, and software development platforms | $904M | 70/100 | |
6th |  Celestial AI 2020, Santa Clara (United States), Acquired | Developer of optical interconnect technology for artificial intelligence infrastructure systems | $589M | 66/100 | |
7th |  Axelera AI 2021, Eindhoven (Netherlands), Series C | Manufacturer of hardware accelerators and software for artificial intelligence inference | $450M | 64/100 | |
8th |  EdgeCortix 2019, Chuo (Japan), Series B | Developer of energy-efficient AI processors, accelerators, modules, cards, and systems | $138M | 63/100 | |
9th |  Calligotech 2012, Bengaluru (India), Seed | Developer of computing solutions for high-performance computing and AI workloads | $2.67M | 63/100 | |
10th |  Preferred Infrastructure 2014, Tokyo (Japan), Series D | Developer of AI infrastructure, foundation models, and product solutions | $281M | 63/100 | |
25th |  Eridu AI 2023, Saratoga (United States), Series A | Developer of data center infrastructure technology for artificial intelligence acceleration | $230M | 56/100 |
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Eridu AI's Investments and acquisitions
Eridu AI has made no investments or acquisitions yet.
Reports related to Eridu AI
Here is the latest report on Eridu AI's sector:
News related to Eridu AI
Media has covered Eridu AI for a total of 2 events in the last 1 year.
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Eridu Raises $200 Million in Series A for AI Network Switch Chips and SystemsStartup Log•Mar 11, 2026•Eridu AI, HRT, Matter Venture Partners, Capricorn and 6 others
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