Magic Vision raises €600,000 for AI-powered elderly monitoring system Silver Eye

Funding and investors

Magic Vision, an Italian deeptech startup, has secured €600,000 in funding to advance its AI-powered monitoring solution, Silver Eye. The round was led by SixS, a venture capital firm, alongside a group of Italian business angels specialising in law, compliance, and business development, according to Tech.eu.

The funds will support the development and commercialisation of Silver Eye, which targets elderly care and independent living. Magic Vision plans to use the capital to expand its technology across Italy and into broader European markets.

How Silver Eye works

Silver Eye is an AI-driven monitoring system that uses environmental sensors and computer vision to detect falls, behavioural changes, and potential risks in elderly individuals. Unlike traditional solutions, it does not require users to wear devices, addressing a key limitation of wearable-based systems.

The system relies on proprietary AI and computer vision algorithms to analyse activity and rest patterns, identify anomalies, and detect critical events. Data is processed locally through edge AI, ensuring no images are stored or transmitted, which prioritises user privacy.

Silver Eye is designed for use in private homes, senior living facilities, cohousing environments, and residential care settings. It is already deployed in pilot and commercial projects with Italian care providers, with over 200 sensors installed.

Market opportunity and growth plans

Magic Vision was founded in 2023 by Federico Lanzani, chief technology officer, and Lorenzo Mauri, chief executive officer. The idea for Silver Eye stemmed from Lanzani’s personal experience, after his grandfather suffered a fall and went unnoticed for an extended period.

The company aims to monitor over 100 people by the end of 2026. It is also preparing another funding round to support commercial growth, expand its partner and distributor network in Italy, and enter European markets. Magic Vision expects to grow its international customer base over the next two years.

What this means

Lazyfounder analysis — our interpretation, not reported fact.

Magic Vision’s funding and product validation in a niche—privacy-preserving, AI-driven elderly care—demonstrates how deeptech can address demographic challenges without relying on intrusive hardware. For founders, the story highlights three takeaways: first, edge AI is a viable path to balancing performance and privacy in regulated sectors; second, pilots with care providers can quickly transition to commercial deployments if the tech solves a clear pain point; and third, Europe’s aging population is a growing market, but scalability will depend on local partnerships and compliance with data protection rules. The absence of wearables also sets Silver Eye apart from incumbents, showing how product design choices can shape adoption.

Key takeaways

• Founders in elderly care tech can benchmark against Silver Eye’s privacy-focused, edge-AI approach to monitoring, which avoids wearable devices and centralised data storage.
• The €600,000 round signals investor appetite for deeptech solutions addressing demographic pressures in Europe, particularly in healthcare and independent living.
• Commercialisation at scale is already underway, with 200+ sensors deployed; founders should note the balance between pilot projects and revenue-generating deployments.
• European expansion is a near-term priority, indicating opportunities for partnerships or競争 in markets facing similar aging population challenges.

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