AITechFundingNewsabout 2 hours ago
Alqem raises €8M for rare-earth-free magnets
6 min read
Alqem raised €8 million in pre-seed funding from UVC Partners and Union Square Ventures. The startup uses AI to discover rare-earth-free permanent magnets, addressing a supply chain dominated by China. Alqem was founded by the team behind the Alexandria materials database and plans to expand teams in Munich and Coimbra.
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