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Niron Magnetics

Niron Magnetics

Private
Minneapolis, MinnesotaFrontier & Industrial Techhttps://www.nironmagnetics.com/

Last Round

Early Funding

Mar 30, 2026

Est. Valuation

$2.5B

Total Funding Raised

$160.4M

Momentum

Top 25%

of companies Caplight tracks

Company Overview

Niron Magnetics is a materials science company that develops and manufactures rare-earth-free permanent magnets using iron nitride technology.

Sector

Frontier & Industrial Tech

Verticals

Advanced Materials, Clean Manufacturing, Electric Vehicles, Defense Tech, Consumer Electronics

Business Model

B2B

Customer Profile

Hardware Sales

AI Layer

Non-AI

Keywords

permanent magnetrare-earth-freeiron nitrideclean earth magnetelectric motorsupply chain independenceadvanced manufacturingactuatorsustainable materialsmaterials sciencevariable flux motormagnet supply chainreshoringgreen techdeep tech

Historical Pricing

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Caplight Momentum Score

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Niron Magnetics Comps

Public and private peers based on sector, stage, and business model.

Niron Magnetics comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Niron Magnetics Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Early FundingMar 30, 2026
GrantOct 20, 2025
GrantJan 21, 2025
StrategicFeb 20, 2024
Series CNov 8, 2023
Grant
Nov 22, 2022

Key People

Founding team and executive leadership

Jonathan Rowntree

Chief Executive Officer

Executive Team

Shyamli Mohamed

Chief Financial Officer

Executive Team

Niron Magnetics Investors

Notable investors and investment history

Niron Magnetics investors
InvestorRounds
Light Ray VenturesStrategic
GM VenturesSeries C
Volta Energy TechnologiesSeries B
Magna InternationalStrategic
Stellantis VenturesSeries C
Samsung Venture InvestmentStrategic
GM VenturesSeries C

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 4, 2026

    Named one of TIME Magazine's America's Top GreenTech Companies for 2024 and 2025.

  • Jan 1, 2026

    Building first high-volume manufacturing facility and operating pilot production site.

Niron Magnetics Filings

SEC and related filings with document metadata.

Data table
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Niron Magnetics Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Niron Magnetics's valuation, stock price, and market status.

Firmographic Details

HeadquartersMinneapolis, Minnesota
Employee Range159
Year Founded2014
Last FundingMar 30, 2026

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