CorePower Magnetics develops and manufactures advanced magnetic components that enable the next generation of power electronics. By taking a holistic approach from magnetic materials to component design and manufacturing expertise, CorePower delivers smaller, lighter, and more efficient inductors and transformers for applications including AI infrastructure, data centers, grid modernization, and industrial electrification. Founded in 2020 and headquartered in Pittsburgh, the company is backed by Engine Ventures, Material Impact, Evergreen Climate Innovations, the Carnegie Mellon Catalyst Fund, and Volta Energy Technologies, and has support from ARPA-E and the U.S. Department of Energy.

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Funding Events

Date	Amount	Type	Investors	Valuation
09/21/26	$10,600,000	Venture	Baruch Future Ventures Carnegie Mellon University Engine Ventures Evergreen Climate Innovations Material Impact	undisclosed