About Niron Magnetics
Niron Magnetics is a company based in Minneapolis (United States) founded in 2015 by Jian Ping Wang.. Niron Magnetics has raised $213.65 million across 8 funding rounds from investors including Volvo Cars, Magna International and Allison Transmission. Niron Magnetics offers products and services including Iron Nitride Magnets, Magnets for Industrial Motors, Magnets for Automotive, and Magnets for Defense. Niron Magnetics operates in a competitive market with competitors including Nexgenia, Weinberg Medical Physics, NVIGEN, Ademtech and OZ BIOSCIENCES, among others.
- Headquarter Minneapolis, United States
- Founders Jian Ping Wang
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Sectors
Chemicals & Materials
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$213.65 M (USD)
in 8 rounds
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Latest Funding Round
$90.62 M (USD), Series D
Dec 20, 2023
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Investors
Volvo Cars
& 12 more
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Employee Count
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Funding Insights of Niron Magnetics
Niron Magnetics has successfully raised a total of $213.65M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $90.62 million completed in December 2023. 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 Total Funding
- Total Rounds 8
- Last Round Series D — $90.6M
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First Round
First Round
(20 Jun 2016)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series D - Niron Magnetics | Valuation | Samsung Venture Investment | |
| Nov, 2023 | Amount | Series C - Niron Magnetics | Valuation | GM Ventures , SMSC | |
| Nov, 2022 | Amount | Grant - Niron Magnetics | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Niron Magnetics
Niron Magnetics has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Volvo Cars, Magna International and Allison Transmission. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are made in promising startups.
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Venture capital funding is provided by General Motors-backed firm.
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Founded Year | Domain | Location | |
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Investment and collaboration in mobility innovation are facilitated by Stellantis Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Niron Magnetics
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Niron Magnetics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Niron Magnetics Comparisons
Competitors of Niron Magnetics
Niron Magnetics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nexgenia, Weinberg Medical Physics, NVIGEN, Ademtech and OZ BIOSCIENCES, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Develops and manufactures proprietary polymers and polymer-containing magnetic nanoparticles for diagnostics and life science applications.
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| domain | founded_year | HQ Location |
Engineered nanoparticles are developed for medical imaging applications.
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| domain | founded_year | HQ Location |
Nanoparticle research reagents & devices for understanding, diagnosis and treatment of diseases
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| domain | founded_year | HQ Location |
Superparamagnetic nanoparticles are manufactured for life sciences applications.
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| domain | founded_year | HQ Location |
Molecular delivery systems for transfection and transduction are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Niron Magnetics
Frequently Asked Questions about Niron Magnetics
When was Niron Magnetics founded?
Niron Magnetics was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Niron Magnetics located?
Niron Magnetics is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Who is the current CEO of Niron Magnetics?
Jonathan Rowntree is the current CEO of Niron Magnetics.
Is Niron Magnetics a funded company?
Niron Magnetics is a funded company, having raised a total of $213.65M across 8 funding rounds to date. The company's 1st funding round was a Grant of $17.5M, raised on Jun 20, 2016.
What does Niron Magnetics do?
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.
Who are the top competitors of Niron Magnetics?
Niron Magnetics's top competitors include Weinberg Medical Physics, Nexgenia and NVIGEN.
What products or services does Niron Magnetics offer?
Niron Magnetics offers Iron Nitride Magnets, Magnets for Industrial Motors, Magnets for Automotive, and Magnets for Defense.
Who are Niron Magnetics's investors?
Niron Magnetics has 13 investors. Key investors include Volvo Cars, Magna International, Allison Transmission, Western Digital, and University of Minnesota.