CorePower Magnetics raises $10.6m for advanced manufacturing

Magnetic components for high-demand power systems

CorePower Magnetics makes inductors and transformers for power electronics, using proprietary nanocrystalline alloys and integrated manufacturing processes. Smaller, lighter and more efficient magnetic components can help address size, heat and efficiency constraints in data centers, grid systems and industrial electrification.

The company says its paid engagements include global enterprises and Fortune 500 customers. The financing brings its reported total raised to $13.6 million and will expand manufacturing capacity and development.

Use of funds

Expand manufacturing capacity

Accelerate hiring and development efforts

Funding history

Sep 17, 2026Financing · This round$10.6M

Sources

Similar rounds

All Hardware rounds →

Simple Energy

An Indian electric two-wheeler maker selling scooters such as the Simple One, with connected controls, battery technology and safety features for everyday riders.

₹17.5BSeries C · Sep 30, 2026

NOX Energy

NOX connects home energy devices to electricity markets, optimizing heat pumps and solar systems for household savings and grid flexibility.

€3MSeed · Sep 30, 2026

M-Fly

M-Fly develops stabilized electro-optical payloads and gimbals for drones and other platforms. Its systems combine imaging sensors such as visible, infrared and short-wave infrared cameras, with options including laser target designation for specific models.

UndisclosedUndisclosed funding round · Sep 30, 2026

Onomondo

IoT connectivity infrastructure combining global SIM/eSIM access with network management software for connected-device fleets.

UndisclosedMajority investment · Sep 30, 2026