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Altimeter leads $65M Series A for Vulcan Elements, building the first all-American rare earth magnet company 🇺🇸
Magnets power everything: EVs, AI devices, drones, and beyond -- Vulcan’s are fully decoupled from China.
Molly O’Shea dives into why this matters on the latest Sourcery episode below 👇
Aug 11, 22:03
BREAKING: Altimeter Leads $65M Series A in the Rarest Company On Earth
Bringing total funding to $75M
Vulcan Elements CEO John Maslin (@_JohnMaslin) joins Sourcery to announce their Series A, building the first All-American rare earth magnet company, fully decoupled from China.
Magnets are in everything. From consumer electronics, to motors, robotics, drones, & every AI-powered device.
The Series A was led by Altimeter’s Brad Gerstner (@altcap) & Erik Kriessmann (@ekriessmann)
Highlights
(00:00) Domestic Production & Resilient Supply Chains
(01:59) $65M Series A Led by Altimeter
(04:01) Vulcan Elements
(05:27) Why Rare Earth Magnets Are Critical
(08:58) Decoupling from China: Challenges & Strategies
(12:24) American Talent & Reindustrialization
(14:23) Assembling a SpaceX Level Team in the Research Triangle
(17:58) Scaling Up: New Facilities & Hiring Plans
(19:14) The Manufacturing Process of Rare Earth Magnets
(29:25) Challenges and Innovations in Manufacturing
(32:02) The Role of AI & Advanced Technologies
(36:18) Future Milestones & Policy Impacts
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