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Niron Magnetics, Inc.

88 employees

Niron Magnetics is reshaping American manufacturing. We saw the problems caused by rare earth dependence and took a fundamentally different approach, reconceptualizing how magnets can be made. Our groundbreaking Iron Nitride technology was born at the University of Minnesota, then developed and manufactured right here in Minnesota. The result is a more secure and sustainable supply chain, and a material that unlocks innovation in magnet-using devices. With facilities clean enough to sit in the heart of cities, and our world-class team of experts, we are creating the future of magnetics.

Investor insights

Funding rounds participated in

$52M sweet spot round size

Investor type

Privately Held

Basic info

Industry

Manufacturing

Sectors

Manufacturing

Date founded

2015

Funding rounds raised

Total raised

$52M

from 1 investors over 1 rounds

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Niron Magnetics, Inc. raised $52M on February 21, 2025

Investors: US Department of Energy

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