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.
$52M sweet spot round size
2015
$52M
from 1 investors over 1 rounds
Niron Magnetics, Inc. raised $52M on February 21, 2025
Investors: US Department of Energy