MAGnetIC provides magnetic sensors as IC products. The products are fully integrated on chip and are small, reliable, programmable, and can easily be produced in large quantities.
The founders of MAGnetIC, Richard Visee (right) and Gert van der Horn
(left), have a background in designing microelectronics for sensor applications. MAGnetIC was founded in 2013 and originated from SystematIC Design BV (1998), a company focused on designing high performance analog and mixed signal (combination of analog and digital) electronics.
MAGnetIC provides magnetic sensors as IC products. The products are fully integrated on chip and are small, reliable, programmable, and can easily be produced in large quantities. MAGnetIC products are offered on the basis of a modular concept and based on MAGnetIC’s IP core, supplemented by electronics to meet specific customer requirements.
MAGnetIC customers use the products to build modules that are used as electronic current sensors in industrial or consumer applications. MAGnetIC is a Dutch company, but operates in a global setting.
In 2014, smaller volumes of the products were delivered. With the participation of the ZIF, MAGnetIC has the resources to set up the mass production of their first products and arrange the associated organisation.
MAGnetIC aims to become a globally recognized developer and supplier of advanced micro-electronic sensor products.
Gert van der Horn is CTO of MAGnetIC and is focused on applying the MAGnetIC IP to customer designs. Richard Visee is CEO. The team also includes employees that design products and direct the product flow. The company also actively collaborates with a select group of suppliers in the product chain.
Why KIKK capital?
Richard: “To fulfill MAGnetIC’s ambitions, we started looking for adequate funding for our business plan. From the first contact with the fund management, it was clear that the KIKK Capital (fund: ZIF) was the best ‘fit’ for MAGnetIC. Our conversations created a certain energy. The process towards participation at the end of 2014 was clear from the start and an adequate and orderly structure was set up.”
Added value of KIKK CAPITAL
Richard: “MAGnetIC products have a high technological standard, which is rooted in our many years of experience in designing microelectronics. With MAGnetIC, we went through a transition from a design company to a product company. In this process, the KIKK Capital network gives us access to knowledge and expertise to arrange this well. KIKK Capital pro actively supports us in the dynamics of our company. KIKK Capital is actively involved in our business; the energy we felt after our first discussion remained and is now used to further organise our business.”