About Crocus Technology
Crocus Technology is a Technology company based in Santa Clara (United States) founded in 2004, and was acquired by Allegro MicroSystems in August 2023. Magnetic sensors are developed for semiconductor and electronics sectors. Crocus Technology has raised $105.55 million across 8 funding rounds from investors including Allegro MicroSystems, Idinvest Partners and Kreos Capital. Its focus areas include Semiconductors, Sensors, Generic Sensor Developers and Magnetism. Its legal entity is CROCUS TECHNOLOGY INTERNATIONAL CORP. Its competitors include Allegro MicroSystems, NVE Corporation and Standex Electronics; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Santa Clara, United States
- Stage Acquired
- SectorsTechnology
- Website crocus-technology.com
- Social LinkedIn YouTube
- Acquired by Allegro MicroSystems (Aug 2023)
- Legal Name Crocus Technology International Corp.
- Total Equity Funding$105.55M (USD)
in 8 rounds
- InvestorsAllegro MicroSystems
& 11 more
- Acquired byAllegro MicroSystems
(Aug 2023)
Apps and channels of Crocus Technology
its YouTube channel Allegro MicroSystems has 1.48K subscribers and 30 videos.
Videos from Crocus Technology
The most watched videos on Crocus Technology's YouTube channel, Allegro MicroSystems (1.48K subscribers). Click a video to play it here.
More on Allegro MicroSystems.
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 $105.55M
- Total Rounds 8
- First Round $17M
(Jun 2006)
- Investors Count 11
All 8 funding rounds of Crocus Technology 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 |
|---|---|---|---|---|---|
| Apr 2018 | Series F | – | – | – | |
| Apr 2018 | Debt – Conventional | – | – | – | |
| Jun 2015 | $21.3M | Series E | – | NanoDimension, Innovation Capital | |
| Jul 2013 | $45M | Series D | – | Idinvest Partners, Ventech China | |
| May 2010 | $10.63M | Series C | – | Innovation Capital, CEA Investissement | – |
| Jun 2009 | $1.8M | Series B | – | – | |
| Oct 2008 | $9.82M | Series B | – | NanoDimension, Sofinnova Investments | – |
| Jun 2006 | $17M | Series A | – | Sofinnova Partners |
12 investors in total: 12 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US focused VC firm | nanodimension.com | Woodside, United States | ||
Equity investments are provided to low and middle market companies. | 1997 | idinvest.com | Paris, France | |
Industrial investments are managed by the UK-based firm. | industrial-investors.com | London, United Kingdom | ||
ROSNANO Group is engaged in nanotechnology and microelectronics development. | 2007 | rusnano.com | Moscow, Russia | |
Life Sciences sector focused early stage VC firm investing primarily in Europe | sofinnova.fr | Paris, France | ||
Investments in startups are facilitated to valorize CEA technologies. | 1999 | cea-investissement.com | France | |
Venture debt is provided to growth-stage companies across multiple sectors. | 1998 | kreoscapital.com | London, United Kingdom | |
Tech-focused venture capital firm funding companies in Europe and China | ventechchina.com | Shanghai, China | ||
Biotech funding, drug development support, and investment in life sciences. | sofinnova.com | |||
A blog on innovation and growth capital is provided. | 1996 | innovationcapital.fr | Paris, France |
Investor details for Crocus Technology
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Crocus Technology
27 people are tracked at Crocus Technology (10 in leadership, 3 in board & advisors, 14 in team).
| Name | Role | Group |
|---|---|---|
Ken Mackay | VP of Technology | Leadership |
Anuraag Mohan | VP, Applications | Leadership |
Julia Brun Auffranc | Director Of Finance And Administration Chez Crocus Technology | Leadership |
Florence Cheung | Chief Financial Officer | Leadership |
Jacques Noels | Founder & Member of the Board | Leadership |
Satish Bansal | Sr. Director Engineering Operations | Leadership |
Jeff Childress | Chief Technology Officer | Leadership |
Andrew Karanicolas | VP, IC Design | Leadership |
William McGraw | VP Strategy, Sales & Marketing | Leadership |
Ravi Sharma | Director of Program Management, Gen3 Technology Transfer | Leadership |
Aymeric Sallin | Board Member | Board & advisors |
Sanjay Jha | Chairman | Board & advisors |
Michel Desbard | Board Member | Board & advisors |
gadeer elias גדיר אליאס | Process Engineer | Team |
Alan Yang | Manager Sales, APAC | Team |
Lam Vo | Staff Product/test Engineer | Team |
Daisuke Naritomi | Sales Manager | Team |
Ehsan Aerabi | Field Application Engineer | Team |
Gérard Fauconet | Responsable CAO | Team |
Lucas Pannell | Corporate Accounting Manager | Team |
7 more people are available in the full profile.
Complete people profiles for Crocus Technology
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Crocus Technology
4 dated milestones of Crocus Technology across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Crocus Technology is founded.
- Funding First funding round of $17.0M.
- Funding Latest funding round, Debt – Conventional,.
- Exit Acquired by Allegro MicroSystems.
Competitors of Crocus Technology
Crocus Technology has 3 listed competitors in our database, 1 of them funded. They include Allegro MicroSystems, NVE Corporation and Standex Electronics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| allegromicro.com | 1990 | Worcester, United States | $291M | 4,593 | Magnetic sensors and related ICs are manufactured for diverse sectors. | |
| nve.com | 1989 | Eden Prairie, United States | 56 | Sensors and couplers for multiple parameters are manufactured. | ||
| standexelectronics.com | 1969 | Cincinnati, United States | 33 | Specializes in developing reed-switch based sensors for various applications. |
Detailed competitors of Crocus Technology
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Sensors & Smart Devices
3 companies that operate in the same segment as Crocus Technology (Sensors & Smart Devices) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,894 | |
VR-based head-mounted displays for gaming are provided by Oculus. | 2012 | Menlo Park, California, United States | USD 107.05 M | |||
Cloud-based business telephony and home security services are provided. | 2004 | Palo Alto, California, United States | USD 87.97 M | USD 273.6 M | 1,190 |
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Related news about Crocus Technology
Complete news archive for Crocus Technology
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Frequently Asked Questions about Crocus Technology
Crocus Technology was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Crocus Technology is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
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 A of $17M, raised on Jun 2006.
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.
Crocus Technology's top competitors include Allegro MicroSystems, NVE Corporation and Standex Electronics.
Crocus Technology has 12 investors. Key investors include Allegro MicroSystems, Idinvest Partners, Kreos Capital, Innovation Capital, and NanoDimension.
Crocus Technology operates through Crocus Technology International Corp..
Yes. Crocus Technology was acquired by Allegro MicroSystems in August 2023.