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
Maslin explains why China’s 90%+ dominance in magnet manufacturing is a national security risk, how Vulcan has decoupled from Chinese supply chains, and the company’s plans to scale from hundreds to thousands of tonnes of production this decade From building a factory from scratch in North Carolina to deploying AI inside the magnet-making process, this is a behind-the-scenes look at the startup quietly powering the future of U.S. national security and AI.
@_JohnMaslin Note from CEO John Maslin
John Maslin
John Maslin21 tuntia sitten
I'm excited to announce Vulcan Elements' $65M Series A, led by Brad Gerstner (@altcap) and @AltimeterCap. This investment will propel Vulcan to commercial scale—a critical milestone toward fully onshoring the rare earth magnet supply chain and enabling the United States and its allies to win the 21st century technology race. This is a defining moment for American manufacturing, innovation, and national security. We’re moving with the speed and seriousness that the nation deserves. If we remain disciplined and focused on executing, we can rebuild one of the most critical supply chains of the 21st century—on U.S. soil. As said best by Altimeter Founder & CEO Brad Gerstner: “Vulcan’s relentless execution has put it at the forefront of the industry. Vulcan has already emerged as a best-in-class manufacturer within two years of incorporation. There’s no one else in the rare earth space moving at this pace and with this level of performance.” This is reindustrialization in action—and it’s just the beginning. @WSJ exclusive:
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