# CorePower Magnetics funding: rounds and investors

> CorePower Magnetics has raised $11M across 1 round since 2026. Investors include US Department of Energy, Innovation Works and Engine Ventures.

Source: https://millionrounds.com/company/corepower-magnetics (Millionrounds; every figure on the page links to its filing or article)

United States · [Seed startup](https://millionrounds.com/companies)

# Who invested in *CorePower Magnetics*

One round we have observed, with the 3 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Chemicals & Materials

Raised 2 months ago

Funding summary Updated 26 Oct 2026

**$11M** raised across 1 round since 2026, from 1 source

- **Latest round:** Seed, $11M Sept 2026
- **Investors:** 3

See who backed them

## The rounds

- **Sept 2026** Seed **$11M** [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Innovation Works](https://millionrounds.com/fund/innovation-works) [Engine Ventures](https://millionrounds.com/fund/engine-ventures) Source recorded SEC filing: $14M sold

## Everyone who backed them

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round

[Innovation Works](https://millionrounds.com/fund/innovation-works) Government **1** round

[Engine Ventures](https://millionrounds.com/fund/engine-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=corepower-magnetics).

## Also claim to have backed them

These 3 firms list CorePower Magnetics as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Material Impact](https://millionrounds.com/fund/material-impact) VC firm Per its own site

[Baruch Future Ventures](https://millionrounds.com/fund/baruch-future-ventures) VC firm Per its own site

[Volta Energy Technologies](https://millionrounds.com/fund/volta-energy-technologies) VC firm Per its own site

## Quick answers about CorePower Magnetics

### Who invested in CorePower Magnetics?

CorePower Magnetics's investors include US Department of Energy, Innovation Works and Engine Ventures.

### How much has CorePower Magnetics raised?

CorePower Magnetics has raised $11M across 1 round since 2026.

### When did CorePower Magnetics last raise?

CorePower Magnetics's most recent round was a Seed of $11M in Sept 2026.

### What was CorePower Magnetics's biggest round?

Its most recent round, $11M in Sept 2026, is also its largest on record.

### Who backed CorePower Magnetics first?

CorePower Magnetics's first round on record, in Sept 2026, was backed by US Department of Energy, Innovation Works and Engine Ventures.

### What stage is CorePower Magnetics at?

CorePower Magnetics's latest named round is a Seed, in Sept 2026.

### Where is CorePower Magnetics based?

CorePower Magnetics is based in the United States.

## Companies like CorePower Magnetics

In the same sector, and raised in the last eighteen months.

[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**Albert** $57M · Oct 2026](https://millionrounds.com/company/albert)[**Azulene Labs** $3.4M · Sept 2026](https://millionrounds.com/company/azulene-labs)[**Critical Materials Group** $10M · Sept 2026](https://millionrounds.com/company/critical-materials-group)[**Rise Reforming** $500K · Sept 2026](https://millionrounds.com/company/rise-reforming)[**Fluxnium** $7.0M · Sept 2026](https://millionrounds.com/company/fluxnium)

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