Austria
Magmatic Bio, founded in 2023 and headquartered in Austria, is pioneering advancements in metal separation technology with its innovative approach to "Critical Metal Regeneration". Capitalizing on the extensive capabilities of metal-binding proteins developed over billions of years of evolution, Magmatic Bio aims to revolutionize the recovery of metals by creating a novel integrated separation process.
The company is focused on developing scalable and reliable metal separation processes that are energy-efficient and environmentally friendly, significantly reducing the consumption of energy, water, and chemical reagents. This approach aligns with rising demands for sustainable industrial practices in the growing field of metal recovery.
Recently, Magmatic Bio secured a Support Program investment on 01 October 2024, courtesy of investors like Founders Factory and Rio Tinto. This funding will support the enhancement and scalability of the company's technology, underscoring its potential to impact the industry significantly.
