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Niron Magnetics

Engineering and Manufacturing Equipment · Minneapolis, United States · Founded 2014

Developing innovative advanced magnetic materials for high performance, low cost permanent magnets MoreLess

Niron Magnetics is a startup that operates in the green technology sector, specifically in the production of permanent magnets. These magnets are essential components in a variety of consumer, industrial, and automotive applications, including computers, appliances, and automobiles. They convert electricity into motion and are also found at the heart of electricity generators.

The company's unique selling point is its Clean Earth Magnet technology, which allows for the mass production of high-performance permanent magnets using abundant, sustainable materials. This technology is a response to the growing demand for alternatives to the unsustainable rare earth magnets currently in use.

Niron's manufacturing process combines nanomaterial engineering with mature metallurgical methods to produce high-performance magnets at a more stable cost than alternatives. This process manipulates the crystal structure of Iron Nitride to create high-strength magnets.

The company's business model is based on selling these magnets to manufacturers of devices that require them. It makes money by offering a more sustainable and cost-effective alternative to the expensive and environmentally damaging rare earth magnets currently in use.

In summary, Niron Magnetics is a green technology startup that produces sustainable, high-performance permanent magnets for a variety of applications. Its business model is based on selling these magnets to manufacturers, offering a cost-effective and environmentally friendly alternative to the current market offerings.

Keywords: Green Technology, Permanent Magnets, Sustainable Materials, Nanomaterial Engineering, Metallurgical Methods, High-Performance Magnets, Cost-Effective, Environmentally Friendly, Manufacturing, Clean Earth Magnet Technology.

Company overview

Niron Magnetics company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2014
Headquarters
Minneapolis, United States
Employees
150
Open positions
8
Dealroom signal
92.7
client focusb2btechnologyHardwaretechnologyDeep TechtechnologyNanotechbusiness modelManufacturingsectorSpinoutsectorSustainable Development GoalssectorMagnetssectorAdvanced MaterialssectorClimate TechsectorRare EarthsectorMagnetic SensorssectorNIF defense security and resiliencesectorNIF Supply Chain Resilience

Valuation & funding

Niron Magnetics funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GRANTOther financing Oct 2025 $10M Undisclosed
LATE VCOther financing Feb 2024 $25M $100M Allison Ventures
CONVERTIBLEOther financing Jan 2024 $61M Undisclosed
LATE VCOther financing Nov 2023 $25M $99M GM Ventures · Stellantis Ventures · University of Minnesota Twin Cities · Shakopee Mdewakanton Sioux Community
GRANTOther financing Nov 2022 $18M US Department of Energy
SUPPORT PROGRAMOther financing Aug 2022 The Strauch Cleantech to Market Program
LATE VCOther financing Feb 2022 Western Digital Capital
LATE VCOther financing Jul 2021 University of Minnesota Twin Cities · Volvo Cars Tech Fund · Anzu Partners · Volta Energy Technologies
SERIES BOther financing Dec 2016 Anzu Partners · University of Minnesota Twin Cities
SERIES BOther financing Jun 2016 Artiman Ventures · University of Minnesota Twin Cities
Showing 10 recorded eventsUnlock the complete deal history →

Growth signals

Niron Magnetics website traffic

Latest recorded traffic for Niron Magnetics is 6.9K monthly website visits, down 37.3% over the last three months. Niron Magnetics's team grew 27.1% over the past year.

Latest monthly visits6.9K 3-month web change-37.3% 1-year team growth+27.1%
Monthly website visits101 observations · Oct 2017–Jul 2026
Hover or focus a point to see its exact monthly valueCompare with peers →

Comparisons

Niron Magnetics compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Niron Magnetics's talent

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Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

12 investors on Niron Magnetics's cap table

Sourced from Dealroom's funding and investor records.

Seed 1 investor entered at this stage
US Department of Energy
Series A 3 investors entered at this stage
Artiman Ventures
University of Minnesota Twin Cities
Anzu Partners
Series B+ 7 investors entered at this stage
Volvo Cars Tech Fund
Volta Energy Technologies
Western Digital Capital
GM Ventures
Stellantis Ventures
Shakopee Mdewakanton Sioux Community
Allison Ventures
Other known 1 additional known investor
The Strauch Cleantech to Market Program

Global footprint

Where Niron Magnetics has talent and traffic

Workforce by country
3 countries with
team presence
🇺🇸 United States98.4%
🇨🇦 Canada0.8%
🇮🇱 Israel0.8%
3 countries shown

In the news

Latest news about Niron Magnetics

Recent press, funding announcements, and product moves mentioning Niron Magnetics — open to read from the original sources.

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Market sentiment

What the market is saying about Niron Magnetics

An AI-synthesized read of the highest-engagement posts about Niron Magnetics on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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