Funding
Financing · Hardware

CorePower Magnetics raises $10.6M, reaching $13.6M total funding

CorePower Magnetics raised $10.6 million in financing co-led by Engine Ventures and Material Impact, bringing cumulative funding to $13.6 million.

Updated Oct 16, 2026By RoundOS Funding desk

Evergreen Climate Innovations, Carnegie Mellon Catalyst Fund and Baruch Future Ventures also participated.

The company plans more manufacturing capacity, hiring and development. The September round builds on paid engagements with global enterprises, including Fortune 500 customers, as it expands production of power-electronics components.

Use of funds

Expand manufacturing capacity

Accelerate hiring and development efforts

Funding history

Financing · This round$10.6M

Sources

  1. CorePower Magnetics Raises $10.6M in Fundingfinsmes.com · Sep 17, 2026
  2. corepowermagnetics.com

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