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Maglut Heavy Industries raised $3.1M in funding led by Wave Function, Nova Threshold, and Julian Capital to expand its refining infrastructure and scale operations.
PRIVATEAug 27, 2026•about 3 hours ago
Amount Raised
$3.1 Million
Round Type
Seed
Long Beach
Investors
Julian CapitalNova ThresholdWave Function
Description
Maglut Heavy Industries, a Long Beach, CA-based rare earths and critical minerals processing startup, raised $3.1M in funding. Backers included Wave Function, Nova Threshold, and Julian Capital. The capital will be used to fund the expansion of its refining infrastructure and accelerate processing capacity. The company develops specialized refining technologies to secure domestic sources of critical industrial materials.
Company Information
Company
Maglut Heavy Industries
Location
Long Beach, California, United States
About
Maglut Heavy Industries is a Long Beach, CA-based startup focused on the processing of rare earths and critical minerals. The company develops advanced refining and extraction technologies that aim to clean and process raw rare earth elements domestically. By utilizing innovative chemical separation and purification methods, Maglut Heavy Industries ensures high-yield mineral processing with reduced hazardous environmental impacts. They provide critical industrial materials to electronics manufacturers, aerospace contractors, and clean energy developers.
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Long Beach