Italian startup Magic Vision raises 600,000 euros for elder care monitoring technology

Italian deeptech startup Magic Vision raised 600,000 euros in a new funding round, according to EU-Startups, Tech.eu, and Dealroom. The company develops artificial intelligence and computer vision systems designed to monitor and support older people and vulnerable individuals. [1][2][3]

EU-Startups and Tech.eu both reported that the investors in the round include SixS, the Italian company behind the nonprofit management software platform Gecos, alongside a group of Italian business angels. These angel investors contribute expertise in law, compliance, and business development. [1][2]

Tech.eu reported that the capital will support the commercialisation of the company's AI-powered monitoring solution, known as Silver Eye. The technology detects falls, identifies behavioural changes, and helps older individuals maintain their independence. Dealroom added that the system provides elder-care monitoring without requiring wearable devices. [2][3]