Magna BSP

Company Overview

Snapshot

Founded in January 2001, Magna BSP operates with 11–50 employees. The company has raised $2.01M across two funding rounds from two investors. In December 2006, Magna BSP secured funding from Maayan Ventures and Aeronautics Defense Systems.

Business overview

Magna BSP develops advanced 3D video surveillance solutions designed for critical infrastructure such as borders, airports, seaports, and nuclear facilities. The company's proprietary passive electro-optic radar security systems offer perimeter protection, drone detection, and maritime security. Utilizing self-learning algorithms, Magna BSP's technology accurately distinguishes between human, animal, and plant movement with a high detection rate and minimal false alarms, providing real-time data on target location, distance, size, velocity, elevation, and azimuth. Magna BSP serves the Aerospace, Defense & HLS sector, offering solutions that enhance security and optimize resource deployment for its clients.

Strategic signal

In April 2016, Magna BSP's technology was highlighted when Rafael unveiled a defense system against drones, indicating the company's continued relevance and integration within broader defense and security innovations. This suggests ongoing strategic validation of Magna BSP's surveillance capabilities in addressing evolving security threats like unmanned aerial vehicles.

Company Intelligence Q&A

When was Magna BSP founded?

Magna BSP was founded in January 2001.

What is the core technology behind Magna BSP's solutions?

Magna BSP utilizes proprietary self-learning algorithms within its passive electro-optic radar security systems to detect and track targets, distinguishing between human, animal, and plant movement in real time.

What was a notable early application of Magna BSP's technology?

In April 2010, Magna BSP secured its first order for Japanese nuclear reactors, demonstrating early adoption of its security solutions in critical environments.

What was a significant development related to drone defense?

In April 2016, Rafael unveiled a defense system against drones, which integrated Magna BSP's technology, showcasing its application in countering unmanned aerial vehicle threats.