Niron Magnetics

Niron Magnetics develops and manufactures high-performance, rare earth-free permanent magnets. Their Clean Earth Magnet technology offers a sustainable, globally manufacturable alternative to traditional magnets, improving temperature stability for applications in automotive, consumer electronics, and other industries. This technology addresses the increasing demand for sustainable and efficient alternatives to rare-earth materials.

Buy Funded Startups lists

Funding Round: Strategic Investment

Funding Amount: $25M

Date: 20-Feb-2024

Investors: Samsung Ventures, Allison Transmission, Magna, Shakopee Mdewakanton Sioux Community, University of Minnesota

Markets: Consumer Electronics, Transportation, Audio Technology, Automotive, Energy, Information Technology, Manufacturing

HQ: Minneapolis, Minnesota, United States

Founded: 2014

Website: https://www.nironmagnetics.com/

LinkedIn: https://www.linkedin.com/company/niron-magnetics-inc.

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