# Crocus Technology International

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crocus-technology-international

- Industry: Electronics
- Headquarters: Milpitas, US
- Website: www.crocus-technology.com
- Total disclosed funding: $109M
- Latest round: Series E (Jun 16, 2015)
- Investors on record: 11

## About

Crocus Technology International Corp. is a US-based company specializing in innovative magnetic sensing solutions, leveraging proprietary technologies to address diverse industrial applications.Founded in 2006, Crocus Technology International Corp. operates in the field of magnetic sensing technologies. The company is headquartered in Milpitas, California, US. Crocus has raised a total amount of USD 21.00 mn over several funding rounds, with the most recent funding being an ADD-ON Trade Sale valued at USD 420.00 mn on August 7, 2023, led by Allegro MicroSystems, Inc.Crocus Technology International Corp. focuses on advanced magnetic sensing technologies, offering products based on proprietary XtremeSense™ Tunnel Magnetoresistance (TMR) technology. Their sensors are designed for high-performance applications in sectors such as automotive, industrial, and consumer goods, addressing critical needs in renewable energy systems and electric vehicles, among others.Crocus Technology generates revenue through B2B transactions, supplying its TMR technology to various industrial partners and original equipment manufacturers (OEMs). The company establishes direct sales relationships, offering tailored solutions, with their products achieving significant market presence and meeting rigorous performance standards.Crocus Technology International Corp. plans to leverage recent funding to enhance its product offerings and expand into new markets. The acquisition by Allegro MicroSystems, Inc. will bolster their capabilities in magnetic sensing applications, particularly in e-mobility and clean energy. This strategic move aims at supporting upcoming product launches designed for automation and renewable energy sectors, enhancing their reach in North America, Europe, and Asia through 2024.

## Funding rounds

- Series E, Jun 16, 2015, $21M — Sofinnova Investments, Ventech, Idinvest Partners, Kreos Capital, Industrial Investors, +ND Capital, CEA Investissement, RUSNANO Management Company, Innovation Capital
- Series D, Jul 10, 2013, $44M — Sofinnova Investments, Ventech, Idinvest Partners, Industrial Investors, Innovation Capital, +ND Capital, RUSNANO Management Company
- Series C, May 11, 2010, $11M — Sofinnova Investments, Ventech, Idinvest Partners, CDC Entreprises, +ND Capital, CEA Investissement
- Series B, Oct 3, 2008, $16M — Sofinnova Investments, Ventech, Idinvest Partners, CDC Entreprises, +ND Capital, OSEO
- Series A, Jun 14, 2006, $17M — Sofinnova Investments, Ventech, Idinvest Partners, CDC Entreprises, +ND Capital

## Investors

- Sofinnova Investments (https://capitalatlas.ai/funds/sofinnova-investments) — Series A, Series B, Series C, Series D, Series E
- Ventech (https://capitalatlas.ai/funds/ventech) — Series A, Series B, Series C, Series D, Series E
- Idinvest Partners (https://capitalatlas.ai/funds/idinvest-partners) — Series A, Series B, Series C, Series D, Series E
- CDC Entreprises — Series A, Series B, Series C
- +ND Capital (https://capitalatlas.ai/funds/nd-capital) — Series A, Series B, Series C, Series D, Series E
- OSEO — Series B
- CEA Investissement (https://capitalatlas.ai/funds/cea-investissement) — Series C, Series E
- Industrial Investors (https://capitalatlas.ai/funds/industrial-investors) — Series D, Series E
- Innovation Capital — Series D, Series E
- RUSNANO Management Company — Series D, Series E
- Kreos Capital — Series E