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.

Who is the current CEO of Niron Magnetics?

Frank Thibodeau and Jonathan Rowntree s of Niron Magnetics.

How many employees does Niron Magnetics have?

As of Jun 30, 2026, the latest employee count at Niron Magnetics is 160.

Is Niron Magnetics a funded company?

Niron Magnetics is a funded company, having raised a total of $214M across 12 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jun 20, 2016.

When was the latest funding round of Niron Magnetics?

Niron Magnetics' latest funding was a $***** Grant (prize money) round on Oct 30, 2025, with participation from 1 investor.

Where does Niron Magnetics rank among its competitors?

Niron Magnetics ranks 1st amongst 16 active competitors, of which 5 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Niron Magnetics, which secured $2.35M in Sep, 2025.

Who are the top competitors of Niron Magnetics?

Niron Magnetics' top competitors include Imagion Biosystems, Nexgenia and NVIGEN. Among them, Niron Magnetics secured the most recent funding round in October, 2025.

Niron Magnetics - 2026 Company Profile, Team, Funding & Competitors

Company Details

Manufacturer of high-performance, rare-earth-free permanent magnets. It utilizes Iron Nitride technology for magnet production, offering a secure and sustainable supply chain. The magnets are designed for various applications, including industrial motors, audio devices, automotive components, and defense systems. The company provides customized application support and leverages a substantial intellectual property portfolio in magnetics. Its manufacturing process is closed-loop, minimizing waste and resource consumption.

Website: www.nironmagnetics.com/
Email ID: *****@nironmagnetics.com

Key Metrics

Founded Year

2015

Location

Minneapolis, United States

Stage

Series D

Total Funding

$214M in 12 rounds

Latest Funding Round

Grant (prize money), Oct 30, 2025, $*****

Investors

Samsung Venture Investment & 18 more

Ranked

1^st among 16 active competitors

Employee Count

160 as on Jun 30, 2026

Similar Companies

Nexgenia & 7 more

View Niron Magnetics' full profile

Niron Magnetics has raised a total funding of $214M over 12 rounds. Its first funding round was on Jun 20, 2016. Its latest funding round was a Grant (prize money) round on Oct 30, 2025 for $*****. 1 investor participated in its latest round. Niron Magnetics has 19 institutional investors.

Here is the list of recent funding rounds of Niron Magnetics:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 30, 2025	1701354	Grant (prize money)	5942893	7756200	9869281	8535858
Sep 29, 2025	3841567	Grant (prize money)	5951980	4343568	8180740	OSTI
May 29, 2025	7436544	Grant (prize money)	4765582	9469580	5929662	OSTI

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View details of Niron Magnetics's funding rounds and investors

The founders of Niron Magnetics are Frank Thibodeau and Jian Ping Wang. Jonathan Rowntree is the CEO of Niron Magnetics.

Here are the details of Niron Magnetics' key team members:

Frank Thibodeau: Co-Founder and CEO 2013-2017, Advisor 2017-2018 of Niron Magnetics.
Jian Ping Wang: Co-Founder of Niron Magnetics.
Jonathan Rowntree: CEO of Niron Magnetics.
Contact Info: 1 email address

View details of Niron Magnetics's Founder profiles and Board Members

Niron Magnetics' employee count trend

Niron Magnetics has 160 employees as of Jun 26. Here is Niron Magnetics's employee count trend over the years:

Employee count trend for Niron Magnetics

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Top competitors of Niron Magnetics include Imagion Biosystems, Nexgenia and NVIGEN. Here is the list of Top 10 competitors of Niron Magnetics, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Niron Magnetics 2015, Minneapolis (United States), Series D	Manufacturer of high-performance, rare-earth-free permanent magnets	$214M	Artiman, Western Digital & 17 others	59/100
2nd	Imagion Biosystems 2016, Albuquerque (United States), Public	Developer of molecular magnetic resonance imaging technology for cancer detection	-	Marbruck Investments, HHS & 1 others	49/100
3rd	Nexgenia 2011, Seattle (United States), Series A	Smart immunoassay polymer reagents improving speed, efficiency, and sensitivity for diagnostics	$3.98M	Life Sciences Discovery Fund, Washington Research Foundation ... & 2 others	35/100
4th	NVIGEN 2011, Sunnyvale (United States), Seed	Nanoparticle research reagents & devices for understanding, diagnosis and treatment of diseases	$2.23M	TSVC, CRCM Ventures & 3 others	32/100
5th	Ademtech 2000, Pessac (France), Series A	Superparamagnetic nanoparticles for biological applications	-	National Science Foundation, Galia Gestion ... & 2 others	28/100
6th	Weinberg Medical Physics 2006, Washington, DC (United States), Seed	Medical device incubator developing novel medical devices, interventional technologies, and therapies	$1.36M	TEDCO, HHS	26/100
7th	Lizys 2015, San Carlos de Bariloche (Argentina), Unfunded	Developer and manufacturer of magnetic nanoparticles and functionalized nanocomposites	-	-	24/100
8th	Barcode 2017, Nazareth (Israel), Funding Raised	Developer of nanoparticle-based delivery and screening tools for anti-cancer DNA-labeled drugs	-	Arieli Group, NGT HealthCare II	22/100
9th	AexeRNA 2020, Arizona City (United States), Funding Raised	Developer of mRNA therapeutics and lipid nanoparticle delivery technologies	-	Linden Lake Venture Capital	22/100
10th	Ally Biotech 2020, Payson (United States), Unfunded	Provider of raw material ingredients and private label product manufacturing	-	-	19/100