About Crocus
Crocus is a company based in Redwood City (United States) founded in 2016 by David Kuhwan Kim and Benjamin Ott. It operates as a AI-as-a-Service, Green Energy-as-a-Service, and Mobility-as-a-Service. Crocus has raised $7.82 million across 2 funding rounds from investors including Samsung Venture Investment, E&Investment and Pioneer Investments. Crocus offers products and services including Acelo EV, Acelo Grid, and Acelo Management. Crocus operates in a competitive market with competitors including Particle, Signify, Danfoss, Landis+Gyr and MRI Software, among others.
- Headquarter Redwood City, United States
- Founders David Kuhwan Kim, Benjamin Ott
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Sectors
Business ServicesEnergy & Utilities Real Estate & Construction Technology
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Phone
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Website
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Social
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- Legal Name Crocus Co., Ltd.
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.82 M (USD)
in 2 rounds
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Latest Funding Round
$4.9 M (USD), Series B
Mar 22, 2023
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Investors
Samsung Venture Investment
& 5 more
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Employee Count
Employee Count
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Products & Services of Crocus
Crocus offers a comprehensive portfolio of products and services, including Acelo EV, Acelo Grid, and Acelo Management.
Innovative EV chargers are provided for sustainable mobility.
Energy efficiency is optimized through smart grid solutions.
AI-driven energy demand is managed in real-time effectively.
People of Crocus
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Funding Insights of Crocus
Crocus has successfully raised a total of $7.82M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $4.9 million completed in March 2023. 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 2
- Last Round Series B — $4.9M
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First Round
First Round
(29 Jul 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2023 | Amount | Series B - Crocus | Valuation | E&Investment , Pioneer Investments |
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| Jul, 2020 | Amount | Series A - Crocus | Valuation | Samsung Venture Investment , GU Equity Partners |
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Investors in Crocus
Crocus has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Samsung Venture Investment, E&Investment and Pioneer Investments.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is provided to AI, biotech, and content-led companies.
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Venture capital investments are made in promising startups.
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Investments & Acquisitions by Crocus
Financial Statements - Crocus
Crocus Comparisons
Competitors of Crocus
Crocus 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 Particle, Signify, Danfoss, Landis+Gyr and MRI Software, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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Latest news on Crocus
Frequently Asked Questions about Crocus
Crocus was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Crocus is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Crocus is a funded company, having raised a total of $7.82M across 2 funding rounds to date. The company's 1st funding round was a Series A of $2.92M, raised on Jul 29, 2020.
Crocus is focused on providing AI-driven energy management solutions and electric vehicle charging infrastructure. The company is involved in optimizing energy usage through innovative technologies, targeting energy efficiency for households, businesses, and industries. Solutions like Acelo EV, Acelo Grid, and Acelo Management are developed to support sustainable urban living and green mobility. The energy sector is addressed with smart grid systems to minimize energy loss. Commitment to environmental goals such as ESG, RE100, and CF100 is emphasized in their operations.
Crocus's top competitors include Particle, Landis+Gyr and Danfoss.
Crocus offers Acelo EV, Acelo Grid, and Acelo Management.
Crocus has 6 investors. Key investors include Samsung Venture Investment, E&Investment, Pioneer Investments, Shinhan Asset Management, and S&S Investment.