Electronics Production | June 27, 2006
Crocus to become leader in MRAM
French MRAM firm Crocus Technology Raises $17 Million in a Series A Round of Financing. Crocus' objective is to Become the Leader in MRAM.
Crocus Technology, a company focusing on Magnetic Random Access Memories (MRAM), today announced the closing of its Series A round of funding totaling $17 million. The round's participants include San Francisco-based Sofinnova Ventures (lead investor), Paris-based firms Ventech, CDC Entreprises Innovation, AGF Private Equity and Sofinnova Partners, and NanoDimension. Crocus will leverage its innovative technology with the goal to become the world leader in this exciting MRAM market. Crocus was first incorporated in France in 2004 with an initial grant from CEA Valorisation and FIST, the subsidiaries of CEA and CNRS, France's leading research organizations, dedicated to spinning off promising new technologies into the private sector. Crocus is headquartered in Grenoble (France) with operations in the Paris area and in Silicon Valley (California). The MRAM technology that is the foundation on which Crocus is built was developed in the Grenoble-based SPINTEC research center. The related patents and know-how are being transferred to Crocus and will be continuously improved through formal joint development programs between the company, Spintec and other European laboratories. MRAM memories uniquely combine several key features of other existing memory technologies. They are non-volatile, have a fast read and write speed, an SRAM like interface, an extended lifetime, and a low manufacturing cost. "We are very excited by the tremendous market potential for MRAM because the mobile and networking industries, among others, need this new type of memory," said Eric Buatois, Managing Director with Sofinnova Ventures. "We looked in detail at all other MRAM technologies and always came back to Crocus. We believe that the company has what it takes to become the leader in this high growth market: a world-class R&D team, a strong patent portfolio, and a very experienced management team," Buatois explained. The proceeds from this fund raising will allow Crocus to hire engineers and scientists in process engineering, test and design from all over Europe and the US. Crocus is also acquiring specialized equipment, which will enable the company to complete a first memory test vehicle in the next 12 months and its first commercial product shortly thereafter. "This first round, quite unique in this technology area, is a defining moment for Crocus," commented Jean-Pierre Braun, CEO of Crocus. "We now have everything we need to be the first to bring to the marketplace a competitive MRAM memory that will fulfill the customers' expectations, in particular with regards to reliability, speed and capacity," Braun added. There are many important applications for MRAM memory. They are an ideal fit for mobile phones, PDA's, smart cards, notebook computers, RFID tags, as well as automotive and military applications. Crocus' board includes: Jean Bourcereau, General Partner with Ventech; Eric Buatois, General Partner with Sofinnova Ventures; Michel Desbard, Venture Partner with CDC Entreprises Innovation; Jean-Pierre Braun, CEO; and other well known semiconductor personalities including Jacques Noels, CEO of Nemoptic; Guy Crespy of CEA Valorisation and Luc-Olivier Bauer.
The lovechild of ACE Production and InterSelect Carlos Bouras of Nordson Select gave us the rundown of the result of the integration and combination of ACE Production and InterSelect GmbH - the new Integra.
American Battery Metals, U.S. lawmakers convene American Battery Metals Corporation has completed a series of meetings with lawmakers and personnel in the Department of Energy and Department of the Interior in Washington, D.C., to discuss issues critical to the domestic battery production and storage industry.
Cogiscan, Critical Mfg. form strategic partnership Quebec, Canada-based Cogiscan and Critical Manufacturing, headquartered in Portugal, have forged a strategic partnership to deliver smart factory solutions for electronics manufacturers.
Collins Aerospace expanding in North Africa Collins Aerospace Systems, a unit of United Technologies Corp., has taken the first step toward the expansion of its existing site in Casablanca, Morocco.
The advantage of Vantage - Garrett Wong tells the tale Nordson Asymtek's Garrett Wong gives us a rundown of the business year and also details the Vantage Advantage
Saki’s Eddie Ichiyama details a very successful business year Eddie ichiyama from Saki gave us an update on how 2019 has been for the company and also shared some details on the recent expansion in the Czech Republic.
The ripple effect of Enrico Krog Iversen while being an active part in creating one of the fastest growing robotics companies in modern time might have been enough for most people, that does not seem to have slowed down a certain Danish entrepreneur.
Yamaha's Ichiro Arimoto on the business year and the company's new ventures Evertiq had the opportunity to talk to Ichiro Arimoto, General Manager of Yamaha Motor Europe, about the business year and the company's new ventures.
Sponsored content by NCAB Group Benelux B.V.Failure is not an option for a PCB More than 30% of the Gerbers NCAB Group Benelux B.V. reviews, have problems. However, the PCB are integrated in key end-user product with more and more High Tech PCB. We are here to support you on the new technologies growth to maintain a high reliability and quality. Contact us to review it together.
Mycronic, Indium forge strategic partnership Indium Corporation has announced a strategic partnership with Sweden-based Mycronic, to develop no-clean and water soluble solder pastes for jetting applications.
SCHMID delivers PlasmaLine to Hofstetter PCB SCHMID announced it has installed the company’s first PlasmaLine comprising ICP etch & sputter deposition of its Korean JV SCHMID AVACO at Hofstetter PCB AG in Switzerland.
Cobot market to reach USD 9+ billion by 2025 A new report from Tractica is forecasting continued rapid growth for the global collaborative robot (cobot) market over the next few years, reaching revenue of USD 9.7 billion by 2025.
MixComm scores USD 8+ million in series B round New Jersey-based fabless semiconductor company MixComm has secured USD 8.6 million in series B funding led by existing investor, Kairos Ventures.
Sponsored content by SourcengineComponent Aggregators vs E-Commerce Marketplaces What is the difference between electronic component aggregators and a marketplace?
67% of a buyer’s journey is now done digitally. Learn how marketplaces emerged as full-cycle procurement platforms and challenged the traditional component aggregators.
SIA elects 2020 leadership The Semiconductor Industry Association (SIA) Board of Directors has elected ON Semiconductor CEO Keith Jackson as its 2020 Chair and Qorvo CEO Robert Bruggeworth as its 2020 Vice Chair.
Si wafer shipments recede for fourth straight quarter Worldwide silicon wafer area shipments slid for the fourth consecutive quarter of 2019, according to the SEMI Silicon Manufacturers Group (SMG) in its most recent quarterly analysis of the industry.
Decline in Q4 DRAM contract prices lessens as buying momentum recovers According to the latest analysis from the DRAMeXchange research division of TrendForce, Q4 DRAM ASP is as of yet undergoing a slight QoQ decline, but this decline has shrunk down to 5%.
Technica forms growth-focused equity fund San Jose-based Technica USA has reached an agreement on an equity investment centered on future growth for the global PCB fab and assembly supplier.
Sponsored content by Nordson ASYMTEKStart-to-finish conformal coating with reliability and efficiency Nordson ASYMTEK’s flexible, modular, Panorama™ S-Line delivers conformal coating process control in a space-saving footprint with overlapping line processes that minimize manufacturing floor space. This innovative, patent-pending line layout trims 50% of the line’s length by using the lower compartment in each piece of equipment for functional use. Combined with Nordson ASYMTEK’s global support, this complete conformal coating line delivers quality, product reliability, efficiency, and safety for all your conformal coating applications.
IHS Markit: 5G economy in the trillions by 2035 The IHS Markit 5G Economy Study, commissioned by Qualcomm Technologies Inc., is forecasting that 5G will generate USD 13.2 trillion in sales enablement by 2035.
ZEUS Battery partnering with Kruvand Associates ZEUS Battery Products and Texas-based Kruvand Associates Inc. have come to a formal agreement on a collaboration that began in January and covers Texas, Arkansas, Oklahoma, Louisiana, New Mexico, Arizona and Mexico.
EPP with a new owner The company announces that is has found itself an ideal buyer – Photonics Systems Group – a manufacturer of micro-materials processing machines. With this takeover, PSG is strengthening is operations in the electronics industry and also laying the foundation for further growth.
Volkswagen starts pre-production e-mobility plant in China The new plant of the SAIC VOLKSWAGEN joint venture has been completed. It is purely built for the production of all electric vehicles on Volkswagen’s Modular Electric Drive Matrix (MEB).
Sponsored content by EsemdaContract manufacturer Esemda opens new facility in Vilnius and expands EMS The new facility has been built with reserved space for future expansions. As Esemda constantly grows, it is of great importance to be able to rapidly increase production capacity in large volumes.
Kongsberg Maritime divests KM Contros GmbH Following a strategic review, Kongsberg Maritime AS (KM) has decided to divest KM Contros GmbH (Contros) to AML Oceanographic Ltd. (AML).
SUSS MicroTec adjusts outlook for fiscal year 2019 Based on the preliminary figures for the first nine months and the updated budget figures, SUSS MicroTec is substantiating its expectations for incoming orders, sales and earnings for the current fiscal year ending December 31, 2019.
GPV's revenues soars 130% Danish EMS provider, GPV Group, announces that the company generated revenues of DKK 2.2 billion in the first nine months of 2019, a 130% year-on-year improvement driven by the acquisition of Swiss company CCS at the end of 2018.Load more news