Magma Solutions UAB - About the company
Magma Solutions UAB is a seed company based in Vilnius (Lithuania), founded in 2013. It operates as a Develops computer vision-based on-board navigation and object-tracking systems. Magma Solutions UAB has raised an undisclosed amount in funding. The company has 108 active competitors, including 19 funded and 5 that have exited. Its top competitors include companies like Daedalean, Stanhope AI and Iris Automation.
Company Details
Magma Solutions is a UAV technology company that develops the AirVision system. Magma's AirVision system provides computer vision-based on-board navigation and aerial object classification and tracking for unmanned aerial vehicles. The AirVision system enables drones to fly in GPS-denied environments. It develops both the hardware component AirVision Core X1 and the software algorithms. The company also works in partnership with other companies and agencies to build a fixed-wing UAV called the Hummingbird UAV. Magma is currently accelerated at Startup Sauna.
- Website
- magma.lt
- Social
- Email ID
- *****@magma.lt
Key Metrics
Founded Year
2013
Location
Vilnius, Lithuania
Stage
Seed
Latest Funding Round
Investors
Ranked
76th among 108 active competitors
Employee Count
4 as on May 31, 2026
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Magma Solutions UAB's funding and investors
Magma Solutions UAB has raised funding over 1 round. Its latest funding round was a Seed round on Apr 20, 2016 for $*****. 1 investor participated in its latest round. Magma Solutions UAB has 1 institutional investor.
Here is the list of recent funding rounds of Magma Solutions UAB:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 20, 2016 | 6359987 | Seed | 3209763 | 3066224 | 3159554 | 1371980 |
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Magma Solutions UAB's founders and board of directors
Founder? Claim ProfileMagma Solutions UAB's employee count trend
Magma Solutions UAB has 4 employees as of May 26. Here is Magma Solutions UAB's employee count trend over the years:
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Magma Solutions UAB's Competitors and alternates
Top competitors of Magma Solutions UAB include Daedalean, Stanhope AI and Iris Automation. Here is the list of Top 10 competitors of Magma Solutions UAB, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Daedalean 2016, Zurich (Switzerland), Acquired | Developer of airborne systems for flight autonomy | $69.8M | 67/100 | |
2nd |  Stanhope AI 2021, London (United Kingdom), Seed | Developer of active inference software for autonomous robotic decision systems | $10.9M | 53/100 | |
3rd | Iris Automation 2015, Reno (United States), Acquired | Provider of autonomous drone collision avoidance systems based on computer vision | $23.1M | 50/100 | |
4th |  Wonder Robotics 2018, Hod Hasharon (Israel), Seed | Provider of software for drones to take off & land safely and autonomously | $4M | 49/100 | |
5th |  Beyless 2012, Seongnam-si (South Korea), Series B | Platform for autonomous flight drone | $3.97M | 48/100 | |
6th | Neurala 2006, Boston (United States), Series C | Developer of vision artificial intelligence software for industrial quality inspections | $33.1M | 46/100 | |
7th |  Occam 2025, London (United Kingdom), Series A | Developer of computer vision autopilot for retrofit into FPV drones | $7.88M | 44/100 | |
8th | NAR 2015, Wilmington (United States), Acquired | Acquire premium domains with flexible payment options and secure transactions | $30K | 42/100 | |
9th | Pilot AI Labs 2015, Sunnyvale (United States), Seed | Developer of deep learning solutions for always-on applications and edge AI | - | 40/100 | |
10th |  AutoModality 2014, San Rafael (United States), Acquired | Develops autonomous drones for asset inspections | $4.8M | 38/100 | |
76th | Magma Solutions UAB 2013, Vilnius (Lithuania), Seed | Develops computer vision-based on-board navigation and object-tracking systems | - | 16/100 |
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Magma Solutions UAB's Investments and acquisitions
Magma Solutions UAB has made no investments or acquisitions yet.
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