Frenetic — Series A · $12M

Frenetic, which uses AI to simulate, design and manufacture high-frequency magnetic components for power devices, raised a $12 million Series A led by Kibo Ventures with participation from 42Cap, Join Capital, Bankinter, Bonsai Partners and Big Sur Ventures. Some Spanish outlets reported the same round as €11.2 million; the capital funds a new manufacturing project and a Silicon Valley office to expand in the US.