About Crocus Technology
Crocus Technology is a company based in Santa Clara (United States) founded in 2004 was acquired by Allegro MicroSystems in August 2023.. Crocus Technology has raised $105.55 million across 8 funding rounds from investors including Allegro MicroSystems, Idinvest Partners and Kreos Capital. Crocus Technology operates in a competitive market with competitors including Paragraf, Allegro MicroSystems, QST Corporation, QuantumDiamonds and Voltafield Technology, among others.
- Headquarter Santa Clara, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Crocus Technology International Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$105.55 M (USD)
in 8 rounds
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Latest Funding Round
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Investors
Allegro MicroSystems
& 11 more
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Employee Count
Employee Count
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Acquired by
Allegro MicroSystems
(Aug 10, 2023)
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Funding Insights of Crocus Technology
Crocus Technology has successfully raised a total of $105.55M across 8 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Last Round
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First Round
First Round
(16 Jun 2006)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Series F - Crocus Technology | Valuation |
investors |
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| Apr, 2018 | Amount | Debt – Conventional - Crocus Technology | Valuation |
investors |
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| Jun, 2015 | Amount | Series E - Crocus Technology | Valuation | NanoDimension , Innovation Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Crocus Technology
Crocus Technology has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Allegro MicroSystems, Idinvest Partners and Kreos Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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US focused VC firm
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Founded Year | Domain | Location | |
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Equity investments are provided to low and middle market companies.
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Founded Year | Domain | Location | |
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Industrial investments are managed by the UK-based firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Crocus Technology
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Crocus Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Crocus Technology Comparisons
Competitors of Crocus Technology
Crocus Technology operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Paragraf, Allegro MicroSystems, QST Corporation, QuantumDiamonds and Voltafield Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Graphene-based magnetic sensors are developed using proprietary processes.
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| domain | founded_year | HQ Location |
Magnetic sensors and related ICs are manufactured for diverse sectors.
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| domain | founded_year | HQ Location |
MEMS sensors utilizing anisotropic magnetoresistive technology are developed.
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| domain | founded_year | HQ Location |
Diamond-based quantum technology is provided for diagnostics and manufacturing.
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| domain | founded_year | HQ Location |
Motion sensing products based on magneto-resistance technology are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Crocus Technology
Frequently Asked Questions about Crocus Technology
When was Crocus Technology founded?
Crocus Technology was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Where is Crocus Technology located?
Crocus Technology is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Is Crocus Technology a funded company?
Crocus Technology is a funded company, having raised a total of $105.55M across 8 funding rounds to date. The company's 1st funding round was a Series E of $21.3M, raised on Jun 16, 2006.
What does Crocus Technology do?
Crocus Technology SA provides magnetic technology based sensor for the semiconductor and electronic systems industries. It offers its products for use in telecommunication, networking, storage, computing, and handheld applications. It works with Magnetic Logic Unit (MLU), a CMOS-based magnetic technology. MLU offers important advantages in high speed, security, and robust performance at lower cost for its broadening portfolio of embedded products and non-volatile memory blocks. The company is working to merge TAS (Thermal Assisted Switching) technology with Spin Torque Transfer technology for use with smaller feature-size semiconductor processes.
Who are the top competitors of Crocus Technology?
Crocus Technology's top competitors include Paragraf, Allegro MicroSystems and NVE Corporation.
Who are Crocus Technology's investors?
Crocus Technology has 12 investors. Key investors include Allegro MicroSystems, Idinvest Partners, Kreos Capital, Innovation Capital, and NanoDimension.
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