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Thank you @MollySOShea and @sourceryvc for covering Vulcan Elements' $65M Series A, led by @AltimeterCap. It was great having you on-site at Vulcan's manufacturing facility in North Carolina's Research Triangle Park.
As Vulcan Elements CEO @_JohnMaslin put it, "This isn’t just about reshoring. It’s about whether the U.S. gets to decide what we build and buy in the next decade."
Watch the full interview and tour ⬇️
11.8. klo 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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