Sp Control Technologies is a Spanish startup, with headquarters in Madridfocused on the design of magnetic elements for the automotive and medical sectors with its Frenetic service, which has just raised €1.3m.
Founded in 2015 by Dr. José María Molina, Sp Control Technologies designs magnetic elements, especially in the automotive and medical fields. He works in the electronics industry, where the future of electronic hardware is being created from a software point of view.
The company has developed a technology, called Freneticwhich helps to build industrial magnetic elements such as transformers and inductors, optimising the options in each case according to the characteristics of the materials and using Artificial Intelligence. It is based on machine learning and saves 30% of the manufacturing cost of magnets, which translates into tens of millions of euros.
Because magnetic elements are in any electrical or electronic system, the company has been able to attract customers from as diverse as Huawei (from its automotive branch), Indra (military), Airbus (aerospace) or Novasonix (medical area), in addition to international partners in the market with manufacturers as FerroxcubeThe company, with its factory in Poland, is one of the companies that have joined the magnetic revolution proposed by Sp Control Technologies.
Customers sign up for Frenetic through the website, a magnetic design a smaller 50% than the competitionand the company sends the sample result in less than a week, with a reduction of 50% in cost and saving weeks of work.
Precisely in order to boost the market entry of this artificial intelligence-based software, has just recently closed a financing round from 1,3M€, led by the German fund 42Cap, although investors from the first round last October have also participated, Big Sur Ventures, Bankinter and Busy Angels.
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