Crocus Technology Garners $15,800,000 New Funding Round

  • Feed Type
  • Date
    10/6/2008
  • Company Name
    Crocus Technology
  • Mailing Address
    710 Lakeway Drive Sunnyvale, CA 94085
  • Company Description
    Crocus’ proprietary 2nd generation Magnetic Random Access Memory (“MRAM”) technology enables dense, non-volatile, high-speed, scalable memories for standalone and embedded chip applications.

    MRAMs’ unique characteristics make them particularly suitable to a wide variety of telecommunication, networking, computing and handheld applications. Crocus MRAMs will capture significant market share in these areas.

  • Website
    http://www.crocus-technology.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $15,800,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company plans to use the round for continued development of its magnetic random access memory (MRAM) chips, which can store information using magnetic fields.
  • M&A Terms
  • Venture Investor
    AGF Private Equity
  • Venture Investor
    Sofinnova Ventures
  • Venture Investor
    Ventech

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