Magic Vision, the Meda, Monza and Brianza-based DeepTech founded in 2023 by six co-founders, has closed a €600k (~$0.6M) funding round from SixS — the Italian company behind nonprofit management software Gecos — alongside a group of Italian business angels with expertise in law, compliance and business development; the announcement does not specify whether this is a first or follow-on round.
The company develops Silver Eye, an edge-AI environmental monitoring system that uses proprietary computer vision to analyze activity and rest patterns and detect falls and behavioral anomalies without wearables or storing/transmitting images for use in private homes, cohousing and senior living facilities, but disclosed no metrics on clients, revenue, pipeline or employee count.
No specific planned use of funds or expansion plans were detailed in the announcement.