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Home»Technology»AI network startup Eridu emerges from stealth with hefty $200M Series A
Technology

AI network startup Eridu emerges from stealth with hefty $200M Series A

March 10, 2026No Comments2 Mins Read
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Eridu Drew Perkins
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Drew Perkins: The Innovator Behind Eridu’s Groundbreaking AI Networking Technology

Drew Perkins is a seasoned tech entrepreneur who has been at the forefront of computer network innovation and startup creation since the early days of the internet. His latest venture, Eridu, is making waves in the industry as it emerges from stealth mode with a massive $200 million Series A funding round led by top-tier investors like Socratic Partners, John Doerr, and Matter Venture Partners.

With a total funding of $230 million, Eridu is poised to revolutionize the networking landscape with its AI-focused approach. Perkins’ journey began in the 1980s when he played a pivotal role in developing the Point-to-Point Protocol (PPP), a fundamental component of TCP/IP, the internet’s underlying protocol. Over the years, he co-founded several successful startups, including Lightera Networks and Infinera, both of which achieved significant exits.

However, it was a conversation with OpenAI CEO Sam Altman that sparked Perkins’ latest venture. Recognizing the importance of robust networking infrastructure for AI advancements, Perkins teamed up with networking chip expert Omar Hassen to establish Eridu in 2024.

Unlike traditional networking solutions, Eridu is reimagining network architecture from the ground up, starting with the development of specialized chips tailored for AI applications. By integrating advanced networking capabilities directly into the silicon, Eridu aims to streamline data center operations and reduce latency, ultimately enhancing overall system performance.

By optimizing chip design and focusing on on-chip communications, Eridu seeks to address the limitations of existing networking technologies. With the support of key investors like Wen Hsieh and John Doerr, Eridu is well-positioned to lead the charge in the AI networking space.

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As Eridu prepares to disrupt the industry with its innovative approach, the company has attracted a diverse group of investors, including Hudson River Trading, Capricorn Investment Group, and prominent tech firms like MediaTek and Bosch Ventures.

With a team of seasoned professionals and a clear vision for the future of networking, Eridu is poised to capitalize on the burgeoning demand for AI-friendly infrastructure. As Perkins and his team continue to push the boundaries of innovation, Eridu’s journey towards reshaping the networking industry is set to make a lasting impact in the tech world.

200M emerges Eridu hefty Network Series startup stealth
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