Niron Magnetics, Inc.
Clean Earth Magnet technology
137 employees · est. 2015 · Minneapolis, United States
Noveon Magnetics Inc.
Smart Magnet Manufacturing
78 employees · est. 2014 · San Marcos, United States
Noveon Magnetics Inc. is the older company (2015 vs 2014).
Side-by-Side Comparison
| Metric | Niron Magnetics, Inc. | Noveon Magnetics Inc. |
|---|---|---|
| Founded | ||
| Founded | 2015 | 2014 older |
| Headquarters | ||
| Headquarters | Minneapolis, United States | San Marcos, United States |
| Employees | ||
| Employees | 137 | 78 |
| Industry | ||
| Industry | Energy, Information Technology, Manufacturing | Manufacturing, Sustainability |
| Funding Stage | ||
| Funding Stage | Unknown | Series B |
| Total Funding | ||
| Total Funding | $111.30M | $100.00M |
| Funding Rounds | ||
| Funding Rounds | 10 | 2 |
| Services | ||
| Services | Manufacture rare-earth-free permanent magnets, Develop Iron Nitride magnet technology, Provide magnet solutions for industrial, audio, automotive, and defense applications, Secure the domestic supply chain for magnet production, Scale magnet production to meet market demand | Development of next-generation EcoFlux magnets, Sustainable magnet manufacturing, Supply chain optimization for rare earth elements |
| Target Customers | ||
| Target Customers | Industrial motor and generator manufacturers, Audio equipment manufacturers, Automotive industry players, Defense sector, Electronics manufacturers | Energy Companies, Automotive Industry, Electronics Manufacturers, Renewable Energy Sector |
| Taxonomy | ||
| Taxonomy | Clean Earth Magnet Technology, Iron Nitride Technology, Rare-earth-free Magnets, Sustainable Supply Chain, Permanent Magnets, Electric Vehicle Components, Wind Turbine Components, Electronic Device Innovation, Material Scarcity Solutions, Cost-effective Magnet Solutions, Environmental Impact Reduction, University Spinout, ARPA-E Supported, NSF Supported, DOE Basic Energy Sciences | Magnet Manufacturing, Recycling Processes, NdFeB Magnets, High-Performance Magnets, Sintered Magnets, Magnet-to-Magnet Recycling, Motor Applications, Magnetic Performance, Elevated Temperature Magnets, End-of-Life Magnet Recycling, Scrap Magnet Feedstocks, Materials Innovation, Research & Development, Sustainable Manufacturing, Proprietary Technology |
| Website | ||
| Website | nironmagnetics.com | noveon.co |
About Niron Magnetics, Inc.
Niron Magnetics, Inc. is emerging as a pioneering force in the field of Clean Earth Magnet technology, addressing the critical issue of reliance on rare earth materials. With its innovative Iron Nitride technology, born from research at the University of Minnesota, the company positions itself at th...
About Noveon Magnetics Inc.
Noveon Magnetics Inc., founded in 2014, is redefining the Manufacturing and Sustainability sectors with its innovative approach to magnet production. Headquartered in the United States, the company is renowned for its patented Magnet-to-Magnet recycling process, which offers a cost-effective solutio...
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