About
Magna BSP provides 3D video surveillance solutions for borders, airports, seaports, nuclear facilities, and other critical infrastructure. Its adaptable and customizable passive electro-optic radar security systems offer perimeter protection, drone detection, and maritime security. Magna BSPs proprietary self-learning algorithms can distinguish between human, animal, and plant movement in real time with a 99% detection rate and an average of only one false alarm per 24 hours. The high reliability of Magna BSP solutions limits the unnecessary deployment of security resources and reduces manpower expenditures. The companys systems detect, track, and monitor a wide range of targets in a predefined field of view to provide precise, real-time data on location, distance, size, velocity, elevation, and azimuth. Magna BSP solutions provide early warning for suspicious activities and can be integrated with other systems.
Funding history · 1 round · $2.0M total
Company Intelligence Q&A
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- When was Magna BSP founded?
- Magna BSP was founded in January 2001.
- What type of solutions does Magna BSP provide?
- Magna BSP provides 3D video surveillance solutions for critical infrastructure such as borders, airports, seaports, and nuclear facilities, offering perimeter protection, drone detection, and maritime security.
- What is the detection capability of Magna BSP's proprietary algorithms?
- Magna BSP's proprietary self-learning algorithms can distinguish between human, animal, and plant movement in real time with a 99% detection rate and an average of only one false alarm per 24 hours.
- When did Magna BSP raise its Seed round and who were the investors?
- Magna BSP raised a Seed round in December 2006, with investments from Maayan Ventures and Aeronautics Defense Systems.
- What was the total amount raised by Magna BSP in its Seed round?
- Magna BSP raised $1,237,176 in its Seed round in December 2006. For full financing history, refer to startupim.
- When did Magna BSP receive a grant from the IIA and for what amount?
- Magna BSP received a grant of $777,000 from the IIA in July 2010.
- How many employees does Magna BSP currently have?
- Magna BSP currently has 16 employees.
- Which sector is Magna BSP primarily classified under?
- Magna BSP is primarily classified under the Aerospace, Defense & HLS sector.
- When did Magna BSP receive its first order for Japanese reactors?
- Magna BSP received its first order for Japanese reactors in April 2010, according to a Globes article.
- What was a notable event for Magna BSP in March 2011?
- In March 2011, Magna BSP was reported by Haaretz and JPost for securing a Japanese nuclear plant, with its cameras recording the nuclear core.