CorePower Magnetics
Pittsburgh, US · Founded 2020 · Delaware corporation · 1 known investors
Delivers state-of-the-art magnetics to enable power electronics components that are 90% smaller and 50% more efficient
Founders & leadership
CorePower Magnetics was founded in 2020 by Samuel Kernion.
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Samuel KernionPRESIDENT
Investors · 1
Reported raises · per SEC filings
Form D private placements$2.4M disclosed across 1 round · 2022
▶$2.4MraisedAug 2022 · 2 investors · Other TechnologyRule 506(b)
▶$2.4MraisedAug 2022 · 2 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Samuel KernionExecutive Officer
- Offering amount
- $2.4M
- Amount sold
- $2.4M
- Minimum investment
- $250K
- First sale
- Aug 2022
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 1
by search overlap
Companies competing with CorePower Magnetics for the same Google search keywords, organic and paid, via search-intersection analysis.
Non-dilutive funding · 5 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects Agency | Phase II | 2022 | $1.5M |
| Department of Energy | Phase ISTTR | 2022 | $199.8K |
| Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects Agency | Phase ISTTR | 2021 | $224.6K |
| Department of Energy | Phase I | 2021 | $199.9K |
| U.S. Air ForceAir Force | Phase I | 2021 | $49.7K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
In the news
Frequently asked questions
- What does CorePower Magnetics do?
- Delivers state-of-the-art magnetics to enable power electronics components that are 90% smaller and 50% more efficient
- Who founded CorePower Magnetics?
- CorePower Magnetics was founded by Samuel Kernion in 2020.
- Who are CorePower Magnetics's investors?
- CorePower Magnetics's investors include Evergreen Climate Innovations.
- How much funding has CorePower Magnetics raised?
- CorePower Magnetics has disclosed $2.4M raised across 1 round.
- Where is CorePower Magnetics headquartered?
- CorePower Magnetics is headquartered in Pittsburgh, US.