Frenetic specialises in the simulation, design, and production of high-frequency magnetic components used in devices that require power. The company’s technology aims to replace industry trial-and-error workflows, claiming three times the accuracy and a reduction of typical design timelines from nine months to one week. Frenetic’s solutions address a large market—the global magnetics market was valued at $38.3 billion in 2022 and is forecast to reach $49.3 billion within five years. The company has partnerships with Novasonix, Bosch, Sumida, and Thales Alenia Space, and its magnetics have been integrated into the International Space Station. Frenetic plans to scale into the US and open a Silicon Valley office to support more customers. The company recently completed a $12M Series A round led by Kibo Ventures, with existing backers participating. Frenetic uses artificial intelligence to design magnetic and electronic components—transformers and inductors—with high precision, targeting applications from EV chargers to aerospace. The company’s technology also searches stock and optimizes designs to mitigate chip and magnetic-component supply issues. Frenetic has launched a SaaS platform that customers adopted quickly, and cites client results such as reducing a magnetic component development time from six months to two hours and cutting manufacturing cost by 50%. Its customer roster includes Mercedes Formula 1, ABB, Apple and Siemens. Frenetic was supported in 2020 by the European Commission’s Accelerator Pilot program. The recent financing will be used to expand commercially and scale the customer base, including planned local subsidiaries.

Total raised

$17M

Funding rounds

2

Latest round

Series A

Latest activity

Nov 2023