Crocus Technology, founded in 2006, is a venture-capital-backed semiconductor startup company developing magnetoresistive random-access memory (MRAM) technology. The companys products originated in a Grenoble-based Spintec laboratory and its technology is licensed for stand-alone and embedded chip applications. Crocus Technology was founded in Grenoble in 2004, based on research at the Spintec laboratory. The company eventually moved its headquarters to Santa Clara, California, but retained its engineering base in Grenoble. In 2011, the company opened an office in Rousset, France to develop and support secure products. Crocus Technology supplies semiconductor memory devices. The company is also a licensor of magnetoresistive random-access memory (MRAM) process and design technology to fabless semiconductor companies, wafer foundries, and integrated device manufacturers. Target applications include storage, telecommunications, mobile devices, and computer networking.