Content
02/20/2024
Minneapolis, MN USA
Niron Magnetics
completed $25 million Growth Round funding. Investors include
Samsung Ventures (lead), Allison Ventures.
About
Niron Magnetics is developing the world’s first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. Niron’s proprietary Clean Earth Magnet™ technology based on Iron nitride enables magnets that possess inherently higher magnetization and can be produced at a lower cost compared to today’s rare-earth magnets and will enable a revolution in the design of new electric motors and generators.
Startup
Sector:
Tech
Materials
Manufacturing
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