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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
Valuation & funding
Niron Magnetics funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | — |
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.
Hiring
Open positions at Niron Magnetics
Current openings linked to this company in Dealroom.
Comparisons
Niron Magnetics compared with similar companies
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Talent graph
Niron Magnetics's talent
Source: Dealroom Talent Intelligence.
Investors
12 investors on Niron Magnetics's cap table
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Global footprint
Where Niron Magnetics has talent and traffic
team presence
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.
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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