About Niron Magnetics
Niron Magnetics is a Chemicals & Materials company based in Minneapolis (United States) founded in 2015 by Jian Ping Wang. High-performance, rare-earth-free permanent magnets are manufactured using Iron Nitride technology. Niron Magnetics has raised $213.65 million across 10 funding rounds from investors including Volvo Cars, Magna International and Allison Transmission. Its chief executive, as recorded, is Jonathan Rowntree. Niron Magnetics offers products and services including Iron Nitride Magnets, Magnets for Industrial Motors, Magnets for Automotive, and Magnets for Defense. Its focus areas include High Tech, Advanced Materials, Nanostructures and Metal and Metalloid. Its competitors include Nexgenia, NVIGEN and Ally Biotech; 2 of its 3 listed competitors have raised funding.
Company details
Niron Magnetics was founded in 2015 in Minneapolis, United States, and operates in the magnetics manufacturing sector. Iron Nitride technology is utilized to produce permanent magnets without rare-earth elements, ensuring a sustainable supply chain. A closed-loop manufacturing process is employed to reduce waste and resource use. Customized support for applications in industrial motors, automotive components, audio devices, and defense systems is provided, backed by an intellectual property portfolio in magnetics.
- Headquarters Minneapolis, United States
- Founders Jian Ping Wang
- SectorsChemicals & Materials
- Email••••••••
- Website nironmagnetics.com
- Social LinkedIn
- Total Equity Funding$213.65M (USD)
in 10 rounds
- InvestorsVolvo Cars
& 13 more
Products & Services of Niron Magnetics
Niron Magnetics offers a comprehensive portfolio of products and services, including Iron Nitride Magnets, Magnets for Industrial Motors, Magnets for Automotive, and Magnets for Defense.
High-performance magnets for industrial applications without rare earths.
Magnets used in motors, generators, and automation systems.
Magnets for traction motors and sensors in electric vehicles.
Magnets for actuators, sensors, and generators in defense applications.
Funding Insights of Niron Magnetics
Niron Magnetics has successfully raised a total of $213.65M across 10 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $213.65M
- Total Rounds 10
- First Round $6.4M
(Jun 2016)
- Investors Count 14
All 10 funding rounds of Niron Magnetics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2026 | Series D | – | – | ||
| Aug 2026 | $150M | Debt – Conventional | – | – | |
| Dec 2023 | $90.62M | Series D | – | Samsung Venture Investment | |
| Nov 2023 | $86.37M | Series C | – | GM Ventures, SMSC | |
| Nov 2022 | $17.5M | Grant | – | – | |
| Feb 2022 | Series B | – | Western Digital | – | |
| Jul 2021 | $21.3M | Series B | – | Volvo Cars, Volta | |
| Sep 2019 | $3.95M | Series A | – | – | – |
| Dec 2016 | $5M | Series A | – | – | – |
| Jun 2016 | $6.4M | Series A | – | – | – |
14 investors in total: 14 institutional.
Investors in Niron Magnetics
Niron Magnetics has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Volvo Cars, Magna International and Allison Transmission.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in promising startups. | 1999 | samsungventure.co.kr | Seocho, South Korea | |
Venture capital funding is provided by General Motors-backed firm. | gmventures.com | Warren, United States | ||
Investment and collaboration in mobility innovation are facilitated by Stellantis Ventures. | stellantis.ventures | |||
High-risk energy technologies are funded through competitive grants. | arpa-e.energy.gov | Washington, Dc, United States | ||
Investment in energy storage technologies is facilitated by Volta. | volta.vc | Naperville, United States | ||
Investments are made in industrial and life sciences technology companies. | anzupartners.com | Washington, Dc, United States | ||
Manufacturer of automatic transmissions and electric hybrid propulsion systems | 1915 | allisontransmission.com | Indianapolis, United States | |
Automotive components are manufactured and supplied to OEMs. | 1957 | magna.com | Aurora, Canada | |
Healthy communities, environments, and economies are fostered by the foundation. | 1969 | shakopeedakota.org | United States | |
Higher education and research are provided by the University of Minnesota Twin Cities. | umn.edu | Minneapolis, United States |
Investor details for Niron Magnetics
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Niron Magnetics
35 people are tracked at Niron Magnetics (17 in leadership, 8 in board & advisors, 10 in team).
| Name | Role | Group |
|---|---|---|
Jian Ping Wang | Co-Founder | Leadership |
Jonathan Rowntree | CEO | Leadership |
Jonathan B. | Director of Business Development | Leadership |
John Larson | COO | Leadership |
Frank Johnson | CTO | Leadership |
Jeff P. | Chief Industrial Engineer | Leadership |
Douglas Riemer | Chief Scientist | Leadership |
Shyamli Mohamed | Chief Financial Officer | Leadership |
Scott Beamer | CFO (Interim) and Investor | Leadership |
Peter Ladwig | VP, Nanoparticle Technology | Leadership |
David Northall | VP, Global Operations | Leadership |
Dhruv Parikh | Director Of Strategy | Leadership |
Mark Schramek | Vice President Government Affairs | Leadership |
Leslie Hunter | Senior Director, Projects | Leadership |
Mark Sowerbutts | Director, Magnet Production & Op’s | Leadership |
David Fletcher | Director Of Procurement And Global Supply | Leadership |
Anna Flanagan | Director, Analytical And Quality | Leadership |
Steve Bullock | Director | Board & advisors |
Larry Burns | Director | Board & advisors |
David Buss | Executive Advisor | Board & advisors |
15 more people are available in the full profile.
Complete people profiles for Niron Magnetics
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Niron Magnetics
3 dated milestones of Niron Magnetics across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Niron Magnetics is founded.
- Funding First funding round of $6.4M.
- Funding Latest funding round, Series D,.
Competitors of Niron Magnetics
Niron Magnetics has 3 listed competitors in our database, 2 of them funded. They include Nexgenia, NVIGEN and Ally Biotech.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nexgeniacorp.com | 2011 | Seattle, United States | $3.98M | 2 | Develops and manufactures proprietary polymers and polymer-containing magnetic nanoparticles for diagnostics and life science applications. | |
| nvigen.com | 2011 | Sunnyvale, United States | $2.23M | 8 | Nanoparticle research reagents & devices for understanding, diagnosis and treatment of diseases | |
| allybiotech.com | 2020 | Payson, United States | Develops and licenses nanotechnology for enhanced absorption of bioactives in supplements and foods. |
Detailed competitors of Niron Magnetics
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Niron Magnetics
The website of Niron Magnetics (nironmagnetics.com) receives about 9K visits a month.
- Monthly visits9K
▼ 29.7% vs previous month
Websites whose visitors overlap most with Niron Magnetics. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| emobility-engineering.com | 100% | #1,176,853 | View details | ||
| wardsauto.com | 72% | 118.9K | #375,582 | View details |
Top companies in Battery & Advanced Material Systems
3 companies that operate in the same segment as Niron Magnetics (Battery & Advanced Material Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI and app-based smart windows are provided for buildings. | 2007 | Milpitas, California, United States | USD 3.01 B | USD 101.33 M | 410 | |
Aerogel-based thermal insulation solutions are provided for energy conservation. | 2001 | United States | USD 198.35 M | USD 271.1 M | 554 | |
Mycelium-based leather alternative fabrics are manufactured and provided. | 2009 | Emeryville, California, United States | USD 219.4 M | USD 1.37 M | 22 |
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Related news about Niron Magnetics
Complete news archive for Niron Magnetics
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Frequently Asked Questions about Niron Magnetics
Niron Magnetics was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Niron Magnetics is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Jonathan Rowntree is the CEO of Niron Magnetics, as recorded in our data.
Niron Magnetics is a funded company, having raised a total of $213.65M across 10 funding rounds to date. The company's 1st funding round was a Series A of $6.4M, raised on Jun 2016.
Niron Magnetics was founded in 2015 in Minneapolis, United States, and operates in the magnetics manufacturing sector. Iron Nitride technology is utilized to produce permanent magnets without rare-earth elements, ensuring a sustainable supply chain. A closed-loop manufacturing process is employed to reduce waste and resource use. Customized support for applications in industrial motors, automotive components, audio devices, and defense systems is provided, backed by an intellectual property portfolio in magnetics.
Niron Magnetics's top competitors include Nexgenia, NVIGEN and Ally Biotech.
Niron Magnetics offers Iron Nitride Magnets, Magnets for Industrial Motors, Magnets for Automotive, and Magnets for Defense.
Niron Magnetics has 14 investors. Key investors include Volvo Cars, Magna International, Allison Transmission, Western Digital, and University of Minnesota.