What is Crocus Technology?
Headquartered in Milpitas, California, Crocus Technology is a pioneer in the development and manufacturing of advanced magnetic sensors. The company's core competency lies in its patented XtremeSense TMR (Tunnel Magnetoresistance) technology, which offers superior accuracy, stability, and power efficiency compared to traditional sensing methods. This disruptive technology is critical for modern applications in smart devices, medical instrumentation, and automotive systems, where high-performance data acquisition is paramount. By bridging the gap between complex material science and practical industrial application, Crocus Technology has established itself as a vital component supplier in the global electronics supply chain.
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, Ventech Solutions, and NanoDimension
Series B (2008): $15.8M led by Ventech Solutions, Sofinnova, and NanoDimension
Series C (2010): $10.6M supported by Innovation Capital and CEA Investissement
Series D (2013): $45M featuring NanoDimension, Idinvest Partners, Industrial Investors, Sofinnova Ventures, Innovation Capital, Ventech Solutions, and Rusnano
Series E (2015): $21M backed by NanoDimension, Sofinnova, CEA Investissement, Industrial Investor Group, Ventech Solutions, Rusnano, IdInvest Partners, Innovation Capital, and Kreos Capital
Other Financing Round (2018): $35M, investors not publicly disclosed
Debt (2020): $350K led by PPP
Key Investors in Crocus Technology
NanoDimension
ND Capital is a venture capital firm established in 2002 that focuses on investing in disruptive technologies across life, physical, and data sciences.
Sofinnova Partners
A leading European venture capital firm in life sciences, specializing in healthcare and sustainability with a hands-on approach to company building.
Rusnano
A specialized investment group focused on the development and optimization of advanced technologies in microelectronics, biotechnology, and material morphology.
What's next for Crocus Technology?
Looking ahead, the strategic deployment of $350K will likely focus on expanding the commercial footprint of the XtremeSense product line. As the demand for intelligent, energy-efficient sensors continues to surge within the automotive and industrial IoT sectors, Crocus Technology is poised to leverage its robust intellectual property portfolio to capture additional market share. The company's focus will remain on scaling production capabilities and deepening its integration into next-generation smart devices, ensuring long-term value creation for its stakeholders and maintaining its competitive edge in the high-growth semiconductor and sensor markets.
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