 Cybernetica was founded on June 29, 2000 by Dr. Tor Steinar Schei, Prof. Bjarne A. Foss and Dr. Peter Singstad.The company grew out of industrial research projects on model predictive control (MPC) conducted at the department for Engineering cybernetics at SINTEF in the late 1990s.The aim of the company was to commercialize the results on model predictive control that grew out of these research projects.