Atomic Tessellator Raises A$11.3 Million to Reinvent Permanent Magnets

By Richard Snee, on behalf of The Crane Team

Some of the world's most important technologies depend on materials most people rarely think about.

Permanent magnets underpin electric vehicles, robotics, renewable energy and advanced manufacturing. Yet today's supply chains remain heavily dependent on rare earth materials and a fragile global supply chain.

Atomic Tessellator is taking a fundamentally different approach.

Its breakthrough material, Vireon, eliminates the need for rare earth elements entirely, opening the possibility of more resilient, sustainable and geographically diverse manufacturing.

Crane is proud to lead the company's A$11.3 million seed round alongside an exceptional group of investors.

Why we're excited

Deep science increasingly determines economic resilience, industrial competitiveness and national security. Permanent magnets sit at the centre of many of tomorrow's most important industries. By removing the need for rare earth materials, Atomic Tessellator is addressing one of the world's most strategically important technology challenges. It's exactly the kind of breakthrough that demonstrates why deep science investing matters.

Congratulations to the Atomic Tessellator team. We're excited to be part of the journey.