Italian startup Magic Vision raises €600k for monitoring technology for older people
Magic Vision, an Italian DeepTech startup building AI and computer vision tools to monitor and support older and vulnerable people, has closed a €600k funding round.
Magic Vision, an Italian startup in the DeepTech sector, has closed a €600k funding round. The company develops artificial intelligence and computer vision technologies designed to monitor and support older people and other vulnerable individuals. Computer vision is a branch of AI in which software analyses images and video.
Who is investing
Among the investors is SixS, the Italian company behind Gecos, a management software platform for the nonprofit sector. A group of Italian business angels with expertise in law and compliance also took part. The source text is truncated at this point, so the full list of backers is not known.
A personal story behind the headline
The headline of the original article cites the story of a grandfather who fell and remained on the floor for an entire day. It points to the kind of situation such monitoring technology is meant to address: an older person needs help, but nobody nearby notices.
The source provides no further details, such as how the product works, who the founders are or how the new funding will be used.
