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- MagicCube closed the second tranche of its $10 million funding round.
- The round included a strategic investment from e& Capital, the investment arm of UAE-based technology group e&.
- The company provides software-based security solutions for payments, digital identity, digital assets, and AI-driven services.
MagicCube, a software-based security platform for payments, identity, and digital assets, has closed the second tranche of its $10 million funding round with a strategic investment from e& Capital, the investment arm of UAE-based global technology group e&.
The first close of the round included payments technology company Verifone as a strategic investor, alongside existing backers Bold Capital Partners and Mosaik Partners.
A software-based trust layer for payments and digital identity
MagicCube develops Software Defined Trust, a platform designed to secure payments, digital identities, digital assets, and AI-driven services across multiple devices and environments.
The platform operates across smartphones, tablets, vehicles, self-checkout kiosks, and IoT devices without relying on hardware security components. This gives governments, banks, and enterprises more control over how and where their sensitive data and AI models are protected.
Supporting secure digital infrastructure across markets
The investment comes as the Gulf region continues to grow as a major hub for AI infrastructure, next-generation compute, and digital innovation.
For e& Capital, the investment reflects a broader strategy of backing technologies that strengthen trusted digital infrastructure across high-growth markets.
MagicCube positions its platform as a neutral, hardware-independent trust layer that can support regulatory compliance, operational resilience, and cross-border security needs.
Growing focus on post-quantum security
As more sensitive workloads move across cloud and edge environments, organizations are looking for flexible security solutions that can scale across different devices, clouds, and jurisdictions.
MagicCube’s model is designed to address this shift by providing software-based protection that is not tied to a single hyperscaler, hardware vendor, or regulatory environment.
The company, headquartered in Cupertino, California, aims to support secure identity and AI infrastructure as governments, telecom operators, banks, and enterprises increase investment in trusted digital systems.
