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

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2c075534-247a-48ac-8f6b-a2dc7e5e120f
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