What is Crocus Technology?
Headquartered in Milpitas, California, Crocus Technology is a leader in the development and manufacturing of advanced magnetic sensors. The company leverages its patented XtremeSense TMR (Tunnel Magnetoresistance) sensor technology to deliver high-accuracy, high-resolution, and low-power solutions. By addressing the critical needs of IoT, automotive, medical, and industrial electronics, Crocus Technology provides the essential hardware infrastructure required for the next generation of smart devices. Its market position is defined by its ability to integrate disruptive magnetic sensing capabilities into complex electronic systems, ensuring stable performance under demanding environmental conditions.
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, Sofinnova Ventures, and Ventech Solutions
Series B (2008): $15.8M led by Ventech Solutions, NanoDimension, and Sofinnova
Series C (2010): $10.6M supported by CEA Investissement and Innovation Capital
Series D (2013): $45M featuring Idinvest Partners, Innovation Capital, NanoDimension, Ventech Solutions, Sofinnova Ventures, Rusnano, and Industrial Investors
Series E (2015): $21M backed by CEA Investissement, Kreos Capital, Ventech Solutions, Rusnano, Industrial Investor Group, IdInvest Partners, Innovation Capital, Sofinnova, and NanoDimension
Other Financing Round (2018): $35M, investors not publicly disclosed
Debt (2020): $350K led by PPP
Key Investors in Crocus Technology
CEA Investissement
A subsidiary of CEA that focuses on investing in deeptech start-ups, supporting scientific and commercial development in microelectronics and materials.
Sofinnova Partners
A leading European venture capital firm specializing in life sciences and sustainability, providing hands-on support from seed to later-stage investments.
ND Capital
A venture capital firm focused on disruptive technologies across life, physical, and data sciences, with a global presence in Silicon Valley and Switzerland.
What's next for Crocus Technology?
With the support of its latest capital infusion, Crocus Technology is well-positioned to accelerate the commercialization of its TMR sensor portfolio. The company is expected to focus on expanding its footprint within the automotive and industrial IoT sectors, where demand for high-precision sensing is surging. By leveraging its deeptech expertise and established investor network, Crocus aims to refine its manufacturing processes and scale production to meet the requirements of high-volume enterprise clients. The strategic focus remains on maintaining technological superiority while driving operational efficiency to capture a larger share of the global magnetic sensor market.
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