Insights

Strategic partnerships Niron Magnetics has formed and announced multiple OEM partnerships with Aspina, YG Acoustics, and Scan-Speak, expanding opportunities across automotive, consumer electronics, audio, and industrial sectors. This indicates a receptive market for rare-earth-free iron nitride magnets and potential for new collaboration in motor and actuator applications.

Expansion and investment Significant funding and planned facility expansion, including a $605M iron nitride magnet manufacturing plant and a $150M loan, signal aggressive capacity growth. This creates near-term sales opportunities for large-volume magnet supply and related tooling, components, and integration services.

Strategic geography Manufacturing base in Minnesota with potential expansions to Minnesota's Iron Range suggests regional sales focus opportunities for local OEMs and supply chain partners, as well as incentives for nearby manufacturers seeking domestic, secure magnet supply chains.

Sustainability and risk Promoting rare-earth-free iron nitride magnets highlights sustainability and supply chain resilience as differentiators. This aligns with customers prioritizing risk mitigation, compliance, and green manufacturing, presenting a value proposition tied to procurement risk reduction.

Technology enabled Adoption of modern tech stack including MATLAB, Docker, Kubernetes, Azure, and collaboration tools indicates scalable production and digital enablement. This opens doors for sales conversations around digital twins, process optimization, and integrated manufacturing solutions for magnet production and end-use devices.

Similar companies to Niron Magnetics, Inc.

Niron Magnetics, Inc. Tech Stack

Niron Magnetics, Inc. uses 8 technology products and services including MATLAB, Docker, Kubernetes, and more. Explore Niron Magnetics, Inc.'s tech stack below.

Media & News

Niron Magnetics, Inc.'s Email Address Formats

Niron Magnetics, Inc. uses at least 3 email formats:
Niron Magnetics, Inc. Email FormatsExamplePercentage
First.Last@nironmagnetics.comJohn.Doe@nironmagnetics.com
55%
First@nironmagnetics.comJohn@nironmagnetics.com
41%
FLast@nironmagnetics.comJDoe@nironmagnetics.com
4%

Frequently Asked Questions

What is Niron Magnetics, Inc.'s official website and social media links?

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Niron Magnetics, Inc.'s official website is nironmagnetics.com and has social profiles on LinkedIn and Crunchbase.

How much revenue does Niron Magnetics, Inc. generate?

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As of August 2026, Niron Magnetics, Inc.'s annual revenue is estimated to be $100M - $250M.

What is Niron Magnetics, Inc.'s NAICS code?

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Niron Magnetics, Inc.'s NAICS code is 31-33 - Manufacturing.

How many employees does Niron Magnetics, Inc. have currently?

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As of August 2026, Niron Magnetics, Inc. has approximately 163 employees across 2 continents, including North America and Asia. Key team members include Chief Engineer - Finishing: J. C., Vp Plant Readiness And Startup: J. L. and Head Of Research And Development: E. J. Explore Niron Magnetics, Inc.'s employee directory with LeadIQ.

What industry does Niron Magnetics, Inc. belong to?

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Niron Magnetics, Inc. operates in the Manufacturing industry.

What technology does Niron Magnetics, Inc. use?

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Niron Magnetics, Inc.'s tech stack includes MATLAB, Docker, Kubernetes, Claude by Anthropic, Microsoft Azure, WP Engine, Smartsheet and Microsoft Teams.

What is Niron Magnetics, Inc.'s email format?

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Niron Magnetics, Inc.'s email format typically follows the pattern of First.Last@nironmagnetics.com. Find more Niron Magnetics, Inc. email formats with LeadIQ.

How much funding has Niron Magnetics, Inc. raised to date?

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As of August 2026, Niron Magnetics, Inc. has raised $322M in funding. The last funding round occurred on Oct 20, 2025 for $10M.

When was Niron Magnetics, Inc. founded?

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Niron Magnetics, Inc. was founded in 2015.
Niron Magnetics, Inc. logo

Niron Magnetics, Inc.

ManufacturingMinnesota, United States51-200 Employees

Niron Magnetics, Inc. is a manufacturing company headquartered in Minneapolis, Minnesota. It develops and produces Iron Nitride magnets, a rare-earth-free magnet technology that originated at the University of Minnesota and is manufactured in Minnesota. The technology is designed to be rare-earth-free, contributing to a more secure and sustainable supply chain for magnet-using devices. The company employs 51-200 people and has pursued expansion in Minnesota, including a $50 million investment toward a full-scale manufacturing facility in Sartell. Niron Magnetics has received industry recognition for innovation, including the mHUB Fourth Revolution Awards and the Cleantech Breakthrough Awards for Green Materials Innovation of the Year.

Section iconCompany Overview

NAICS Code
31-33 - Manufacturing
Founded
2015
Employees
51-200

Section iconFunding & Financials

  • $322M

    Niron Magnetics, Inc. has raised a total of $322M of funding over 11 rounds. Their latest funding round was raised on Oct 20, 2025 in the amount of $10M as a Grant.

  • $100M - $250M

    Niron Magnetics, Inc.'s revenue is estimated to be in the range of $100M - $250M

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