Mining / Critical MineralsGreater Boston

Vulcan Elements

Mining / Critical Minerals · Cambridge, MA

Vulcan Elements — U.S. manufacturer of high-performance rare-earth (NdFeB) magnets. Founded 2023 by John Maslin (CEO) and Piotr Kulik (CTO); Durham, NC. $65M Series A (Altimeter Capital, One Investment Management, 1789 Capital); plus a $620M DoD Office of Strategic Capital loan and $50M Commerce equity (2025).

Founded

2023

Region

Greater Boston

Investors

People

About Greater Boston

Boston's venture ecosystem runs on its universities — MIT and Harvard across the Charles River from each other, Boston University down the bank in the Fenway/Kenmore area, all fueling a dense pipeline of biotech and deep tech spinouts. Kendall Square functions as a walkable biotech campus in its own right, but it's really one node in a wider river-and-campus geography — the region's life sciences density comes from several schools feeding the same square mile, not just one.

Region Stats

Total firms 300

VC / investors 35

Companies 248

Schools 17

Known For

Life Sciences

Deep Tech

Venture Capital