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Noveon Magnetics

United States · Rare-earth magnet manufacturing · private

Summary

Expands U.S. rare-earth permanent-magnet manufacturing capacity — magnets are a critical, often China-sourced component for robot actuators, EV motors and wind turbines, making domestic supply a strategic input for the wider robotics/automation supply chain.

Key facts

Headquarters
San Marcos, Texas
Role
supplier
Category
Components
Sector
Rare-earth magnet manufacturing
Status
private
Funding
$215M Series C (Jan 19 2026)