What is Crocus Technology?
Crocus Technology is a developer and manufacturer of state-of-the-art magnetic sensors, leveraging its proprietary XtremeSense® TMR sensor technology. The company's disruptive technology offers substantial advancements for a wide array of applications, including IoT and smart devices, industrial, consumer, medical, and automotive electronics. These applications demand high accuracy, superior resolution, stable temperature performance, and low power consumption, areas where Crocus Technology's innovations are poised to make a significant impact. Headquartered in Milpitas, California, the company is positioned at the forefront of magnetic sensing innovation.
How much funding has Crocus Technology raised?
Crocus Technology has raised a total of $144.8M across 7 funding rounds:
Series A
$17M
Series B
$15.8M
Series C
$10.6M
Series D
$45M
Series E
$21M
Other Financing Round
$35M
Debt
$350K
Series A (2006): $17M with participation from Sofinnova Ventures, NanoDimension, and Ventech Solutions
Series B (2008): $15.8M led by NanoDimension, Ventech Solutions, and Sofinnova
Series C (2010): $10.6M supported by CEA Investissement and Innovation Capital
Series D (2013): $45M featuring Sofinnova Ventures, Industrial Investors, NanoDimension, Idinvest Partners, Ventech Solutions, Rusnano, and Innovation Capital
Series E (2015): $21M backed by Kreos Capital, CEA Investissement, Sofinnova, NanoDimension, Ventech Solutions, Rusnano, Industrial Investor Group, Innovation Capital, and IdInvest Partners
Other Financing Round (2018): $35M, investors not publicly disclosed
Debt (2020): $350K led by PPP
Key Investors in Crocus Technology
Sofinnova Ventures
Sofinnova Partners is a leading European venture capital firm specializing in life sciences, with a focus on healthcare and sustainability. They actively partner with entrepreneurs to develop transformative innovations.
NanoDimension
ND Capital is a venture capital firm established in 2002 that focuses on investing in disruptive technologies across life, physical, and data sciences, operating in the United States and Europe.
Ventech Solutions
Ventech Solutions is a healthcare solutions provider with expertise in end-to-end information technology life cycles and data solutions.
What's next for Crocus Technology?
With a history of substantial capital infusions, including major enterprise-level funding, Crocus Technology appears to be in a scaling or expansion phase. The recent strategic investment suggests a focus on solidifying market position and potentially accelerating the adoption of its advanced sensor technology across diverse industries. Future growth will likely involve further product development, market penetration, and strategic partnerships to capitalize on the increasing demand for high-performance magnetic sensors in connected and intelligent devices.
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