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Crocus Technology is a technology company.
Crocus Technology specializes in the development and supply of advanced magnetic sensors, leveraging its proprietary XtremeSense™ Tunnel Magnetoresistance (TMR) technology. These highly sensitive sensors are engineered to deliver superior performance with low power consumption and compact form factors, addressing critical needs for precision and efficiency across diverse applications. The company's innovative approach focuses on enhancing sensor capabilities beyond traditional solutions, providing robust and reliable measurement solutions.
The company was founded in 2006 by Jacques Noels and Jean-Pierre Nozieres, who envisioned advancing magnetic sensor technology for demanding industrial applications. Their insight centered on harnessing the unique properties of TMR to create sensors capable of operating effectively in challenging environments while maintaining high accuracy and energy efficiency. This foundational premise guided the development of their core technological offerings and product portfolio.
Crocus Technology's products serve designers and manufacturers in a range of sectors, including industrial, automotive, and consumer electronics. The firm aims to enable next-generation devices and systems by providing essential sensing capabilities. Its long-term vision is to drive continuous innovation within TMR sensing technology, furthering its integration into critical electronic systems worldwide and expanding the boundaries of what magnetic sensors can achieve.
Crocus Technology has raised $158.5M across 7 funding rounds.
Crocus Technology has raised $158.5M in total across 7 funding rounds.
Crocus Technology has raised $158.5M in total across 7 funding rounds.
Crocus Technology's investors include CEA Investissement, Idinvest Partners, Industrial Investors, Innovation Capital, NanoDimension, Rusnano, Sofinnova Ventures, Ventech, AGF Private Equity.
Crocus Technology is a semiconductor company specializing in the design, manufacture, and supply of advanced magnetic sensors based on its patented XtremeSense® tunnel magnetoresistance (TMR) technology. Its products serve diverse sectors including green energy, robotics, electric vehicles, automotive, industrial automation, and IoT devices. Crocus’ sensors enable precise measurement of motion, speed, position, and current with advantages such as high sensitivity, low power consumption, and stable performance across temperatures. The company was acquired by Allegro MicroSystems in 2023, which aims to leverage Crocus’ technology to strengthen its position in magnetic sensing markets related to e-mobility, clean energy, and automation[1][2][4][5].
Founded in 2004 in Grenoble, France, Crocus Technology emerged from research at the Spintec laboratory focused on spintronics and magnetic sensor technology. Initially, the company developed Magnetic Logic Unit (MLU™) technology for MRAM memory but later pivoted to focus exclusively on integrated magnetic sensors. It relocated its headquarters to California, moving from Santa Clara to Milpitas in 2022. A pivotal moment was the launch of its first magnetic sensor product in 2015 and the subsequent acquisition by Allegro MicroSystems in 2023 for $420 million, marking a significant milestone in its growth and market integration[2][4][6].
Crocus Technology rides the wave of increasing demand for advanced sensing solutions driven by electrification, automation, and IoT proliferation. The timing is critical as industries such as electric vehicles, renewable energy, and Industry 4.0 automation require highly accurate, low-power, and compact sensors to optimize performance and efficiency. Crocus’ TMR sensors address these needs by enabling better control and monitoring in these applications. Its acquisition by Allegro MicroSystems reflects broader consolidation trends in semiconductor sensing technologies, aiming to accelerate innovation and deployment in strategic markets like e-mobility and clean energy[1][4].
Going forward, Crocus Technology’s integration into Allegro MicroSystems positions it to scale its TMR sensor technology across a wider range of applications, especially in automotive electrification and industrial automation. Trends such as the global shift to electric vehicles, smart grids, and Industry 4.0 will shape its growth trajectory. The company’s influence is likely to expand as magnetic sensing becomes more critical for precision control and energy efficiency. Continued innovation in sensor miniaturization, power efficiency, and integration will be key to maintaining its competitive edge and driving broader ecosystem adoption of TMR-based solutions[4][5].
Crocus Technology has raised $158.5M across 7 funding rounds. Most recently, it raised $35.0M Other Equity in April 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 25, 2018 | $35.0M Other Equity | ||
| Jun 16, 2015 | $21.4M Other Equity | CEA Investissement, Idinvest Partners, Industrial Investors, Innovation Capital, NanoDimension, Rusnano, Sofinnova Ventures, Ventech | |
| Jun 1, 2015 | $21.0M Series E | NanoDimension | |
| Jul 1, 2013 | $44.0M Series D | Idinvest Partners | NanoDimension, Industrial Investors, Innovation Capital, NanoDimension, Rusnano, Sofinnova Ventures, Ventech |
| May 11, 2010 | $10.2M Other Equity | AGF Private Equity, CEA Investissement, Innovation Capital, NanoDimension, Sofinnova Ventures, Ventech | |
| May 1, 2010 | $11.0M Series C | NanoDimension | |
| Oct 1, 2008 | $16.0M Series B | NanoDimension, AGF Private Equity, Innovation Capital, NanoDimension, Sofinnova Ventures, Ventech |