Crocus, headquartered in Grenoble (France) with operations in the US and France, develops spintronics-based sensors and memory solutions.
The MRAM technology that is the foundation on which Crocus is built was developed in the Grenoble-based Spintec research center and Crocus has formal joint development programs with Spintec and other leading European laboratories.
In June 2015 Crocus announced it has raised $21 million - this follows previous funding rounds of $17 million in 2006 and $16 million in 2008. Crocus already has over 250 sensor customers, and lists ARM as a licensee.
Crocus's MRAM chips are produced by Israeli's Tower Jazz (130nm process). The company embedded MRAM chips are available in densities ranging from 256 bytes to 4 Kb. In 2011 Crocus established a joint-venture with Rusnano called Crocus Nanoelectronics (CNE) - with an aim to mass produce MLU devices on 300-mm wafers (90 nm and 65 nm) in Russia.