Crocus Technology is an early-stage
developer of MRAM technology for dense, non-volatile,
high-speed, scalable memories. Its MRAM technology was
conceived in the Grenoble-based Spintec laboratory, a world
leading R&D center in Spintronics affiliated with two famous
French labs, CEA and CNRS. Crocus Technology MRAM technology
is covered by a comprehensive patent portfolio. The company
licenses its technology for standalone and embedded chip
applications in a wide variety of telecommunication,
networking, storage, computing and handheld applications.
Crocus is backed by VC firms AGF Private Equity, CDC
Innovation, NanoDimension, Sofinnova Partners, Sofinnova
Ventures, and Ventech and has operations in Grenoble,
France, and Sunnyvale, California.
Crocus’ proprietary MRAM technology
solves all the well-known problems encountered in earlier
MRAM implementations. The company’s technology has
demonstrated on silicon its stability, reliability, data
retention, endurance, and scalability, while exhibiting high
speed, low power dissipation, and excellent resistance to
external perturbation. Crocus also recently qualified its
complete manufacturing environment for the development and
rapid prototyping of MRAM. These achievements have
positioned Crocus as one of the very few companies in the
world capable of fully integrating advanced MRAM onto CMOS.
With this additional funding, Crocus will complete the
technology development necessary to support its initial
product introduction.
Crocus recently announced that it has raised a combined 11.5
million Euros in its second round of funding. This round
hailed full participation from Crocus’ current investors:
AGF Private Equity, CDC Innovation, NanoDimension, Sofinnova,
and Ventech, raising 8.5M€. The company was also awarded an
additional 3M€ in funding from OSEO, a French agency
supporting advanced R&D programs, for a total of 11.5M€ to
further the development and bring into production its
proprietary MRAM technology as a scalable high density non
volatile memory solution with high speed, infinite endurance
and low power.
