Crocus Technology Obtains $21,000,000 New Funding Round

  • Feed Type
  • Date
    6/17/2015
  • Company Name
    Crocus Technology
  • Mailing Address
    2380 Walsh Ave Santa Clara, CA 95051 USA
  • 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.
  • Website
    http://www.crocus-technology.com
  • Transaction Type
    Debt
  • Transaction Amount
    $21,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company, which has raised $194M (€180.3M) to date, intends to use the funds to deploy the strategy for its sensor product line in key target markets, strengthen its commercial resources, including finalizing a distribution network in Asia and reinforcing the support team, and develop new designs to enrich the product portfolio with integrated sensor and smart sensor applications.
  • M&A Terms
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor

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