According to filings with the U.S. Securities and Exchange Commission, Westmag has raised $11,000,000.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.

Investors in the company’s current round of funding include: Andreessen Horowitz, Founders Fund, Lux Capital, NFDG, Menlo Ventures.

About Westmag
Westmag, short for Western Magnetics Company, is an American manufacturer that designs and builds high performance drone motors and robot actuators in South San Francisco to serve the global market. Positioned at the core of every drone and robot, the company focuses on creating the motion components that have traditionally been manufactured overseas, aiming to build the integrated American motor company with an end to end, domestic and allied supply chain. Westmag is ramping production to supply leading drone and robotics companies with millions of motors and actuators, supporting what it calls the autonomous machine decade. By concentrating its design and manufacturing in the United States while targeting both domestic and international customers, Westmag seeks to strengthen U.S. industrial capability in a strategically important hardware segment.

To learn more, visit https://www.westmag.com/
Linkedin: https://www.linkedin.com/company/westernmagnetics/

Contact:
David Hansen, Chief Executive Officer
https://www.linkedin.com/in/boxcardavid/

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