Magcam was founded by dr. Koen Vervaeke in 2009 as a spin-off company of IMEC in Leuven, Belgium.
In 2010, Magcam started selling its first commercial products and started getting recognition in the market. Through direct selling and participation in focused trade shows, it expanded its customer base throughout the world. At the end of 2011, Magcam signed a reseller agreement with ARGO Corporation of Japan. ARGO covers the Japanese market.
Magcam's magnetic field camera was awarded the 1st place at the election of the 'Produkte des Jahres 2012' in the category 'Sensoren' by the readers of the leading German journal for industrial electronics Elektronik. This further increased Magcam’s name recognition in the European market.
In 2013, Magcam released its second-generation magnetic field camera system. The hardware system is even easier to use and the MagScope software boasts a number of new features to extract even more information out of permanent magnets. Magcam also started sampling a number of scanners to make it possible to measure larger magnets and magnet assemblies, such as rotors. Towards the end of the year,world's first 3D camera was released, making it possible to measure the Bx, By and Bz at the same time to create a true 3D image of the magnetic field.
Magcam started off 2014 by signing a representative agreement with Candoo Systems out of Vancouver, Canada. Candoo Systems will cover the North-West region of North America. In the Spring, we released our newest software version, MagScope 4.1, which includes a number of useful new features and integrates the MagFit software module. In October, MagCam signed a reseller agreement with BM Instruments in Seoul, S. Korea to increase our presence and market share in South Korea.