What is Crocus Technology?
Crocus Technology is at the forefront of developing and manufacturing state-of-the-art magnetic sensors, leveraging its proprietary XtremeSense® TMR sensor technology. These disruptive magnetic sensors offer substantial advancements for a wide array of applications, including IoT and smart devices, industrial automation, consumer electronics, medical equipment, and automotive systems. The company's technology is designed to meet stringent demands for high accuracy, superior resolution, stable temperature performance, and low power consumption, positioning it as a key innovator in the semiconductor industry. Headquartered in Milpitas, California, Crocus Technology is driving innovation in magnetic sensing solutions.
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 NanoDimension, Ventech Solutions, and Sofinnova Ventures
Series B (2008): $15.8M led by Ventech Solutions, NanoDimension, and Sofinnova
Series C (2010): $10.6M supported by Innovation Capital and CEA Investissement
Series D (2013): $45M featuring Rusnano, Idinvest Partners, Ventech Solutions, Innovation Capital, NanoDimension, Sofinnova Ventures, and Industrial Investors
Series E (2015): $21M backed by Innovation Capital, IdInvest Partners, Kreos Capital, CEA Investissement, Ventech Solutions, Rusnano, Industrial Investor Group, NanoDimension, and Sofinnova
Other Financing Round (2018): $35M, investors not publicly disclosed
Debt (2020): $350K led by PPP
Key Investors in Crocus Technology
Innovation Capital
Innovation Capital is a venture capital firm specializing in early-stage investments, likely focusing on disruptive technologies within the tech sector.
Kreos Capital
Kreos Capital is a finance company providing investment services and business management, with a focus on supporting growth-stage companies.
CEA Investissement
CEA Investissement is a venture capital firm that invests in start-ups leveraging advanced technologies, particularly in deeptech sectors like microelectronics and materials.
What's next for Crocus Technology?
With substantial backing and a focus on disruptive technology, Crocus Technology is poised for continued expansion and market penetration. The recent strategic investment signals confidence from its backers in the company's ability to scale its operations and further develop its XtremeSense® technology. Future endeavors will likely involve deepening its presence in existing markets and exploring new applications where high-performance magnetic sensing is critical. The company's commitment to innovation suggests a strategic roadmap focused on enhancing sensor capabilities and broadening its product portfolio to address evolving industry needs.
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