TechCorePower Magnetics raises $10.6 million to expand U.S. manufacturing
The Pittsburgh-based maker of magnetic components for power electronics plans to expand capacity, accelerate hiring and scale commercialization, Pulse2.com reports.
TLDR
CorePower Magnetics has raised $10.6 million in equity financing, Pulse2.com reports, to expand U.S. manufacturing of advanced magnetic components for AI, data centers and grid infrastructure. The funding is also intended to accelerate hiring and scale commercialization of its technology.
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CorePower Magnetics raises $10.6 million to expand U.S. manufacturing
The Pittsburgh-based maker of magnetic components for power electronics plans to expand capacity, accelerate hiring and scale commercialization, Pulse2.com reports.
TLDR
CorePower Magnetics has raised $10.6 million in equity financing, Pulse2.com reports, to expand U.S. manufacturing of advanced magnetic components for AI, data centers and grid infrastructure. The funding is also intended to accelerate hiring and scale commercialization of its technology.