CRYOMAGNETICS INC

CRYOMAGNETICS INC is a defense tech company in Oak Ridge, United States, founded in 2018. It has raised $1.1M across 1 round, most recently a $1.1M Grant in August 2022.

Superconducting Magnet Manufacturer - Cryomagnetics, inc.

Employees
51–200
Founded
2018
Business Model
B2B
Total Funding
$1.1M
Last Round
$1.1M GrantAug 2022
Rounds
1

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

Indexed holds 1 funding round for this company. The full record is or through the API.

About

Cryomagnetics, Inc. is a complete engineering and manufacturing facility founded in 1983, headquartered in Oak Ridge, Tennessee, that has become a global leader in superconducting magnets and magnet technology. The company specializes in superconducting magnets, cryostats, cryogenic accessories, and related electronic instrumentation, offering both standard and fully custom superconducting magnet systems manufactured entirely in-house. Cryomagnetics pioneered the first totally cryogen-free superconducting magnet systems and these have become the company's primary expertise, serving applications from complex gyrotron magnet systems to Ion Cyclotron Resonance and ion trap applications. The company maintains a manufacturing campus of approximately 35,000 sq ft across four buildings with 10,000 sq ft of machine and tooling including multi-axis CAD/CAM and additive manufacturing. Products include superconducting magnets in NbTi, Nb3Sn, and HTS configurations; magnet dewars; power supplies; LM-510 recondensing controller; temperature monitors; and Hall effect gaussmeters. Sales extend via a network of representatives covering the United Kingdom, Europe, South America, and Asia.

Summary

It lists 51–200 employees. It has raised $1.1M in total across 1 round, most recently a $1.1M Grant round in Aug 2022.

Tech & App Stack

4 technologies & apps tracked

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Funding History

Data from Indexed.vcUpdated
GrantSBIR Phase II (DOE)Aug 2022
$1.1M

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