Company Profile: Frenetic

Company Overview

Frenetic, a forward-thinking Spanish start-up, is revolutionizing the Power Electronics and Magnetics Industry. Established in 2018 and headquartered in Madrid, Frenetic specializes in the design, simulation, and manufacturing of high-frequency magnetic components. The company leverages artificial intelligence to enhance the design and simulation of these components. By operating as a fabless enterprise, Frenetic uses real-world data to drive innovation in the design and production processes, aiming to push the boundaries of power electronics technology.

Industry and Services

Frenetic falls within the electrical/electronic manufacturing sector, particularly excelling in power electronics, software development, and magnetics design and manufacturing. The company provides advanced simulation and design services through a web-based platform, enabling users to explore and optimize numerous design scenarios for magnetic components.

Funding and Financial Performance

Frenetic has demonstrated strong financial performance, with a recent Series A funding round in November 2023 raising €11.2 million (approximately $12 million), led by Kibo Ventures. This round was integral to accelerating product timelines and expanding into the United States market with a planned office in Silicon Valley. Throughout three funding rounds, Frenetic has raised a total of $19 million, underscoring substantial investor confidence in its innovative approach. The company generates an annual revenue of approximately $3 million and employs around 77 people, with a notable 60% increase in workforce over the past year.

Technologies and Innovation

Frenetic is distinguished by its proprietary AI-driven simulation and design software that optimizes the testing and production processes of magnetic components. The integration of artificial intelligence into their technological framework reduces production time and promotes product innovation for various high-frequency applications. Among other technologies, Frenetic utilizes Amazon AWS for hosting, Google Tag Manager for tag management, and LinkedIn Marketing Solutions for advertising.

Leadership and Key Personnel

The leadership team at Frenetic comprises seasoned professionals dedicated to propelling the company forward:

• Javier Megias: Director of Europe and Chief Operating Officer (COO), brings over two decades of entrepreneurial experience to corporate development and innovation.

• Miguel Serrano: Chief Revenue Officer (CRO), who joined in 2024, is key to scaling revenue operations with his extensive sales and leadership expertise.

• José María Román (JR): Chief Operating Officer (COO), integral in overseeing operational management.

• Chema Molina, PhD: Chief Executive Officer (CEO), spearheads strategic initiatives and ensures alignment with company objectives.

• Jonas Mühlethaler: Chief Technology Officer of Magnetics, leads the technological innovation and AI integration within Frenetic’s offerings.

Strategic Goals and Market Expansion

Frenetic aims to solidify its presence in the United States by opening a new office in Silicon Valley. This strategic expansion seeks to enhance its market presence and leverage AI advancements to streamline processes and bolster productivity, positioning Frenetic as a leader in the magnetic components industry.

Competitors

Operating within a competitive industry space, Frenetic identifies key competitors such as:

• Electronics for Innovation snc

• Anderson Power (120 employees)

• Volta Energy (34 employees)

• CONVERTRONIX

• Supply Design Limited

Each of these companies contributes diverse challenges to Frenetic's market positioning.

Investors

Frenetic's innovative drive and market growth are supported by a robust set of investors, including:

• Kibo Ventures Partners

• European Innovation Council Fund

• Bonsai Partners

• Bonsai Venture Capital

• Fundacion Innovacion Bankinter

These investors are pivotal in facilitating the company's growth and expansion strategies.

By committing to innovation, growth, and strategic market positioning, Frenetic continues to enhance its standing within the power electronics landscape.