Issue #7August 11, 20265 links

Niron Magnetics raises $150m for rare-earth-free magnets

Iron nitride magnets, micro data centres built for orbit, a sovereign Starlink and embodiment-agnostic robot brains: four of today's five raises need a factory, and Niron's $150m is the only cheque large enough to buy one. The lone software company in the batch collects debts.

Cool Company Raises

YC S26

Pacific launches at YC (Summer 2026)

Micro data centers for the harshest places on Earth and in space.

Fintech Robotics Space-Exploration YC Manufacturing AI+1 more

YC S26

Audun launches at YC (Summer 2026)

AI-native debt collection

Artificial-Intelligence Fintech Finance YC AI

$150.0M

Niron Magnetics raises a $150.0M round

Niron Magnetics is developing the world’s first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. Niron’s proprietary Clean Earth Magnet™ technology based on Iron nitride enables magnets that possess inherently higher magnetization and can be produced at a lower cost compared to today’s rare-earth magnets and will enable a revolution in the design of new electric motors and generators. Niron participates in a U.S. Department of Energy funded project that aims to develop more cost effective and sustainable drivetrains for electric vehicles.

Manufacturing Energy $100M+

YC S26

Neuromorphic launches at YC (Summer 2026)

Building embodiment agnostic robot brains.

Artificial-Intelligence Hard-Tech Robotics YC B2B Biotech+1 more

YC S26

Exosat launches at YC (Summer 2026)

Building a sovereign Starlink

IOT Space-Exploration Satellites YC Aerospace Telecommunications+1 more

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