Niron Magnetics Inc., a startup that's developing magnets made without rare-earth materials, has raised over $86 million in funding, according to a securities filing.
The Minneapolis company disclosed the funding, which includes a mix of equity and $61.3 million of convertible securities, with the Securities and Exchange Commission in a Form D filing Jan. 3. Niron couldn't immediately be reached for comment. "Source: The Business Journals"
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