About Cree
Cree is an Energy & Utilities company based in Durham (United States) founded in 1987. Manufacturer of silicon carbide power solutions and materials. Cree has completed 2 acquisitions, including Cotco and Ruud Lighting. Its chief executive, as recorded, is Gregg Lowe. Its focus areas include Energy, Energy Efficiency, Lighting Products and LED.
Company details
The company was founded in 1987 and is headquartered in Durham, United States. Silicon carbide-based power solutions and materials are produced, including power modules, discrete MOSFETs, Schottky diodes, bare die products, reference designs, and evaluation kits. These offerings serve applications in automotive, renewable energy, and industrial sectors, supporting power electronics systems. Operations focus on materials and components for efficiency in electronics manufacturing.
- Annual Revenue$290.91 K (USD)-48as on Mar 31, 2022
- Net Profit$28.06 K (USD)-38as on Mar 31, 2022
- Latest Funding Round$500M (USD), Grant
Nov 2019
- Investors
- Investments & AcquisitionsCotco
& 1 more
Funding Insights of Cree
- Total Rounds 3
- Last Round Grant — $500M
- First Round $211M
(Aug 2011)
- Investors Count 1
All 3 funding rounds of Cree with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2019 | $500M | Grant | – | – | |
| Dec 2013 | $30M | Grant | – | – | – |
| Aug 2011 | $211M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in Cree
Cree has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Empire State Development.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Empire State Development is focused on economic growth in New York. | esd.ny.gov | New York, United States |
Investor details for Cree
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Cree
2 people are tracked at Cree (1 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Gregg Lowe | CEO & President | Leadership |
Thomas Werner | Executive Chair | Team |
Complete people profiles for Cree
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by Cree
Cree has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Cotco and Ruud Lighting.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
LED lighting solutions are manufactured for commercial and industrial uses. | ruudlighting.com | Racine, United States | 1982 | Aug 2011 | $525M | |
LED lighting is designed and manufactured by Cotco. | cotco.com | Hong Kong, China | 1982 | Mar 2007 | $200M |
Complete acquisition details for Cree
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Cree
5 dated milestones of Cree across 32 years, from founding to its latest funding, stage changes and deals.
- Founded Cree is founded.
- Acquisition Acquires Cotco.
- Funding First funding round of $211.0M.
- Acquisition Acquires Ruud Lighting.
- Funding Latest funding round, Grant, of $500.0M.
Web traffic of Cree
Websites that share an audience with Cree (cree.com).
Websites whose visitors overlap most with Cree. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bridgelux.com | 100% | 20.9K | #1,060,411 | View details | |
| nichia.com | 99% | View details | |||
ledsmagazine.com | ledsmagazine.com | 97% | – | ||
| megawin.com.tw | 95% | 1.6K | #9,650,895 | View details | |
theledlight.com | theledlight.com | 90% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 19 similar websites and full traffic analytics for Cree
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- 19 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Energy Efficiency & Conservation
3 companies that operate in the same segment as Cree (Energy Efficiency & Conservation) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Industrial climate control solutions, including dehumidification and cooling, are provided. | 1955 | Beverly, Massachusetts, United States | USD 1.6 B | 5,410 | ||
Thin-film processing equipment is manufactured for LEDs and MEMS. | 1945 | Plainview, Texas, United States | USD 664.29 M | 1,230 | ||
Commercial HVAC solutions in air conditioning and refrigeration are manufactured. | 1902 | Palm Beach Gardens, Florida, United States | USD 21.75 B | 48,000 |
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Frequently Asked Questions about Cree
Cree was founded in 1987 and raised its 1st funding round 24 years after it was founded.
Cree is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Gregg Lowe is the CEO of Cree, as recorded in our data.
Annual revenue of Cree is $290.91K as on Mar 31, 2022.
The company was founded in 1987 and is headquartered in Durham, United States. Silicon carbide-based power solutions and materials are produced, including power modules, discrete MOSFETs, Schottky diodes, bare die products, reference designs, and evaluation kits. These offerings serve applications in automotive, renewable energy, and industrial sectors, supporting power electronics systems. Operations focus on materials and components for efficiency in electronics manufacturing.
Cree has made 2 acquisitions, including Cotco, and Ruud Lighting.
Cree has 1 investor. Key investors include Empire State Development.