# Noveon Magnetics Inc.: Mechanical or industrial engineering, San Marcos, United States > Noveon Magnetics Inc.: Noveon Magnetics Inc. Based in San Marcos, United States. Founded 2014. What Millionrounds holds on them, and what we have not seen. Source: https://millionrounds.com/startup/noveon-magnetics-inc (Millionrounds; every figure on the page links to its filing or article) United States · [Mechanical or industrial engineering startup](https://millionrounds.com/companies) # Noveon Magnetics Inc. Noveon Magnetics Inc. Funding reported Last round: Series B Mechanical or industrial engineering San Marcos, United States Company summary - **Founded:** 2014 12 years old - **Team:** 120 51 to 200 people - **Funding reported:** $215M in dollars - **Last round:** Series B May 2023 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for Noveon Magnetics Inc. has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## About Noveon Magnetics Inc. Noveon Magnetics Inc. is a leading manufacturer of sintered neodymium-iron-boron (NdFeB) rare earth magnets, based in San Marcos, Texas. Founded in 2014 and rebranded in 2023, Noveon is the only operational producer of these magnets in the United States and has reshored full-scale production for the first time in over two decades. The company operates a state-of-the-art 150,000 sq ft facility and plans to expand with a second location in South Korea. Noveon specializes in recycled rare-earth magnet production through its patented “Magnet-to-Magnet” recycling process, known as EcoFlux. This innovative approach significantly reduces energy consumption and environmental impact while producing high-performance magnets suitable for various applications, including electric vehicles, industrial motors, and defense systems. Noveon is committed to sustainability and domestic independence, ensuring a secure supply chain for critical industries. The company is certified under ISO 9001 and AS9100D, providing quality assurance and detailed magnetic property data. ## What company datasets say Noveon Magnetics Inc. raised Funding, as reported Reported in all **$215M** in dollars Rounds **3** Last round **Series B** Last round size **$215M** Last round date **May 2023** Investors listed **5** ## On 2 portfolio pages Investors who name them - [Coefficient LP](https://millionrounds.com/fund/coefficient-lp) - [Canadian Shield Capital](https://millionrounds.com/fund/canadian-shield-capital) Each firm lists Noveon Magnetics Inc. on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source. ## The company, in detail What they build Known for industrial automation recycled magnetic materials distribution manufacturing ecoflux magnets recycling end-of-life magnets magnet recycling technology energy-efficient manufacturing urban mining for rare earths magnet manufacturing automation magnet supply chain resilience magnet applications in energy and defense closed-loop supply chain mechanical or industrial engineering services recycling Built with from their website Docker Google Tag Manager parallax.js ANS Squarespace ECommerce WordPress.org Salesforce CRM Analytics Tray Google Ads Flow +8 more LogIC Google Workspace Conduit CloudFlare Gem Viewport Meta Paycor Google Drive - **Sector:** Mechanical or industrial engineering - **Industry code:** NAICS 33141, 3359, SIC 3694 - **Region:** Texas - **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/noveon-magnetics) ## Mechanical or industrial engineering in United States Startups like it - [**FieldAI** Irvine *Raised*](https://millionrounds.com/company/fieldai) - [**Bedrock Robotics** San Francisco · founded 2024 *Raised*](https://millionrounds.com/company/bedrock-robotics) - [**Skydio** San Mateo · founded 2014 *Raised*](https://millionrounds.com/company/skydio) - [**Gecko Robotics** Pittsburgh · founded 2013 *Raised*](https://millionrounds.com/company/gecko-robotics) - [**TerraFirma** Muskego · founded 2023 *Raised*](https://millionrounds.com/company/terrafirma) - [**RoboForce** Milpitas · founded 2023 *Raised*](https://millionrounds.com/company/roboforce) - [**Aperia Technologies** Hayward · founded 2010 *Raised*](https://millionrounds.com/company/aperia-technologies) - [**Copia Automation** New York · founded 2020 *Raised*](https://millionrounds.com/company/copia-automation) ## Is this your company? Add your raise, your deck and your story, and put Noveon Magnetics Inc. in front of investors. Or tell us what we have wrong. [List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)