SARATOGA, Calif.--(BUSINESS WIRE)--Mar 10, 2026--
Eridu, the pioneer advancing the frontier in AI networking, today announced that it has raised more than $200M in funding to disrupt the $200B AI networking market.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260310994409/en/
Eridu’s funding includes a new oversubscribed Series A round led by Socratic Partners, John Doerr, Hudson River Trading, Capricorn Investment Group and Matter Venture Partners, with participation by Bosch Ventures, Eclipse Capital, Fusion Fund, MediaTek, Osage University Partners, SBVA, TDK Ventures, VentureTech Alliance, and Zelda Ventures among others.
“The disruptive demands of AI create an urgent need for completely re-thinking high-speed interconnect and packet switching,” said Gregory Waters, managing partner at Socratic Partners. “Eridu’s novel architecture dramatically improves throughput and is a platform that nearly all next generation AI will depend on. The team's deep expertise, systems engineering skills, and execution track record lend credibility to delivering the first new switching and interconnect platform built specifically for generative AI."
“Billions of dollars of investment in AI data centers are being wasted because of the network wall,” said Drew Perkins, CEO and founder of Eridu. “The plodding pace of improvement promised by the existing industry vendors is simply inadequate to solve the problem. Even new companies and solutions promising higher performance are in fact still subscale. Eridu has taken on and solved the key challenges across silicon, packaging, systems and optics needed to break through that wall.”
The Network Bottleneck Throttling AI
Although AI compute is advancing in performance and scale at breakneck speed, networking is not keeping up. Demands for data movement are growing exponentially as hyperscalers, frontier labs and neoclouds pursue an all-out race to build ever-larger AI data centers. At the same time, new architectural and algorithmic innovations in AI are only making the network bottleneck worse.
Current solutions and the roadmaps promised by incumbent and new providers continue down the path of incremental enhancements to the same architecture. That path only increases latency, power demands, cooling requirements, inefficiency and costs. Networking technology has fallen so far behind that a completely new design is required.
Reengineering Networking for AI
Eridu has developed a clean-sheet design for the demands of AI. Eridu’s network switch delivers the order-of-magnitude advance in performance, radix and efficiency needed to meet current and future AI demands.
With a clean break from the limits and trade-offs of current architectures, Eridu delivers previously impossible capabilities including:
This funding will be used to complete development of Eridu’s solution. For more information, visit eridu.ai.
Supporting Quotes
“AI requires a new generation of infrastructure that Eridu is pioneering,” said John Doerr, venture capitalist and chairman of Kleiner Perkins. “Eridu's team of industry veterans is proven – in prior companies (Lightera, Infinera), they have delivered billions of dollars in networking innovation.”
“We are excited to work with Eridu as it executes its vision to deliver advancements in AI networking, using TSMC’s advanced process and advanced system integration technologies,” said Dr. Lucas Tsai, vice president of business management at TSMC North America. “This partnership reflects TSMC’s commitment to supporting startup innovators like Eridu by combining our semiconductor manufacturing excellence with their expertise in system architecture innovation, driving breakthroughs in high-performance networking for AI datacenter infrastructure.”
“Today’s cloud networking gear is clearly insufficient for the bandwidth demands of accelerated compute,” said Dylan Patel, founder and CEO of SemiAnalysis. “As larger MoE models and trends like disaggregation of prefill and decode emerge, demands for network bandwidth and scale are only accelerating. Eridu’s networking technology is purpose-built for massive AI scale, supporting both scale-out and scale-up, enabling more bandwidth, larger AI clusters and lower costs. Eridu is the first company I’ve seen with the team and vision to deliver the next level of interconnect scale required to meet the insatiable demands of accelerated compute.”
“Our track record of success has been based on investing in teams with a bold vision to disrupt the status quo,” said Dipender Saluja, managing partner for Capricorn Investment Group’s Technology Impact Fund. “The Eridu team has impressed us not only with a bold vision for AI networking that stands out from the market; they have also shown us that they’ve been able to solve the hard technology challenges needed to deliver on that vision.”
“Breaking through the networking bottleneck facing AI data centers is the kind of critical HardTech challenge our firm was built to help founders solve,” said Wen Hsieh, founding managing partner at Matter Venture Partners. “Eridu AI is on a compelling path to overcome this constraint, potentially unlocking billions of dollars in AI infrastructure value while enabling the next phase of more efficient large-scale AI deployment.”
About Eridu
Eridu is the pioneer advancing the frontier in AI networking with a solution built from the ground up to deliver the bandwidth, performance and reliability at scale needed by AI data centers. Eridu’s solutions are designed to address the massive scale demanded by hyperscalers, but the solution is extensible to a broad set of markets including neoclouds, sovereign clouds and large enterprise AI data centers. Founded by a team of accomplished technology and business innovators, Eridu is challenging market incumbents and current AI networking solutions.
Eridu is backed by leading investors including Black Opal Ventures, Bosch Ventures, Capricorn Investment Group, Catapult Ventures, Chamaeleon, Eclipse Capital, Fathom Fund, Friends & Family Capital, Fusion Fund, Godfrey Capital, Hudson River Trading, Hyperlink, John Doerr, Leslie Enterprises, Matter Venture Partners, MediaTek, Modi Ventures, Ohio Innovation, Open Field Capital, Osage University Partners, Perkins Enterprises, Pierre Lamond, Rice Management, SBVA, Socratic Partners, Struck Capital, TDK Ventures, Triple Point Capital, VentureTech Alliance, Zelda Ventures and numerous others.
Eridu’s high-radix switch replaces 30 lower radix switches to increase performance and GPU utilization while massively lowering power and cost.
LOS ANGELES--(BUSINESS WIRE)--Mar 11, 2026--
Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) (“Faraday Future,” “FF,” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today announced the delivery of its Master robot and pilot delivery of the Aegis robot to Texas-based NS Federation, a community service platform providing services related to education, insurance, and everyday life.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260310073549/en/
A video of the delivery ceremony can be accessed here:https://youtu.be/HmYWcvP0F4c
The delivery expands FF’s real-world EAI Robotics deployment and introduces two new “Robot & Vehicle +” application scenarios in education and performance, both supported by existing market demand.
Under the “Robot & Vehicle + Education” scenario, FF EAI robots will support robotics training, research assistance, data collection, and hands-on AI education across schools, laboratories, and research institutions. Acting as embodied research trainers, the robots can assist with experimentation, secondary development, and interactive robotics learning experiences for students and educators.
The delivery also introduces the “Robot & Vehicle + Performance” scenario, where robots can serve as interactive performers in events, competitions, and entertainment environments, creating engaging audience experiences and opening new opportunities across consumer and light commercial markets.
A representative of NS Federation stated: “Artificial intelligence and robotics will redefine how services are delivered in the future. By working with Faraday Future, we aim to explore how advanced technologies can enhance community engagement and make services more accessible to families.”
ABOUT FARADAY FUTURE
Faraday Future is a California-based global intelligent Company founded in 2014 and is dedicated to reshaping the future of mobility through vehicle electrification, intelligent technologies, and AI innovation. Its flagship vehicle, the FF 91, began deliveries in 2023 and reflects the brand’s pursuit of ultra-luxury, cutting-edge technology, and high performance. FF’s second brand, FX, targets the high-volume mainstream vehicle market. Its first model, Super One, is positioned as a first-class EAI-MPV, with fast first deliveries planned to begin in 2026. FF recently announced its entry into the Embodied AI Robotics business, with sales and deliveries beginning in February 2026, marking a new chapter in its strategy to usher in a new era of EAI vehicles and EAI robotics. Learn more at: https://robotics.ff.com/us/
FORWARD LOOKING STATEMENTS
This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “plan to,” “can,” “will,” “should,” “future,” “potential,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding FF’s entry into the embodied AI robotics market and future deliveries, involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Important factors, that may affect actual results or outcomes include, among others: demand for our robotics products; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; our reliance on a single OEM for most of our robotics products; our ability to get the planned robotics products to comply with all applicable U.S. rules and regulations; the ability of the robotics OEM to timely supply robotics to the Company; tariff uncertainty for imported products, particularly from China; demand from automobile dealers for robotics products; the Company’s ability to maintain its listing on Nasdaq; the availability of sufficient share capital to execute on its strategy, which the Company currently lacks; the agreement of stockholders to substantially increase the Company’s share capital, which could result in substantial additional dilution; the Company's ability to homologate FX vehicles for sale; the Company’s ability to secure the necessary funding to execute on the FX strategy, which will be substantial; the Company’s ability to secure an occupancy certificate for its Hanford facility; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and robots and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and robots and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on March 31, 2025, and Form 10-Qs for the quarters ended June 30, 2025 and September 30, 2025 filed with the SEC on May 9, 2025, August 19, 2025 and November 21, 2025, respectively, and other documents filed by the Company from time to time with the SEC.
Faraday Future today announced the delivery of its Master robot and pilot delivery of the Aegis robot to Texas-based NS Federation, a community service platform providing services related to education, insurance, and everyday life.
Faraday Future today announced the delivery of its Master robot and pilot delivery of the Aegis robot to Texas-based NS Federation, a community service platform providing services related to education, insurance, and everyday life.
