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Magnet-to-Magnet (M2M) rare earth recycling — turns scrap neodymium magnets into new high-performance magnets. $215M Series C (Jan 2026); GM production started Jul 2025; LG Electronics partnership.
Noveon Magnetics is a U.S. rare earth magnet manufacturer that has developed a proprietary Magnet-to-Magnet (M2M) recycling process, converting end-of-life neodymium magnets from electronics, appliances, and vehicles into new, high-performance permanent magnets without requiring virgin rare earth mining. The technology enables a fully domestic and circular supply chain for rare earth magnets — a strategic material for electric vehicles, defense systems, AI data centers, wind energy, and advanced manufacturing. Noveon completed a $215M Series C in January 2026 to expand U.S. manufacturing capacity, having already begun commercial magnet deliveries to General Motors in July 2025. The company launched a closed-loop recycling initiative with LG Electronics and Kangwon Energy in January 2026, and secured a rare earth oxides supply agreement with Solvay starting in 2026.
Allus is an AI-powered process automation platform for manufacturing that uses computer vision and robotic process automation to automate repetitive assembly and inspection tasks on the factory floor.
Allus is a manufacturing automation company that combines computer vision AI and robotic process automation (RPA) to automate repetitive tasks on factory floors that are currently performed manually. Assembly operations, part sorting, quality checks, and material handling represent significant labor costs and productivity constraints in manufacturing—Allus provides automation solutions that can be deployed quickly alongside human workers without full line redesign.
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