What is MagicCube?
Founded in 2014 and headquartered in Silicon Valley, MagicCube operates as a software trusted execution environment (sTEE) platform. By decoupling security from hardware, the company enables the deployment of secure, high-integrity applications across mobile and IoT devices. This hardware-agnostic approach allows enterprises to bypass the limitations of traditional secure elements, facilitating a more flexible and scalable security architecture. MagicCube's platform is increasingly vital for organizations seeking to implement robust, software-based protection for sensitive transactions and data in an era of pervasive connectivity.
How much funding has MagicCube raised?
MagicCube has raised a total of $36M across 5 funding rounds:
Angel/Seed
$2.2M
Series A
$8.5M
Debt
$278K
Unspecified
$15M
Other Financing Round
$10M
Angel/Seed (2015): $2.2M with participation from Epic Ventures and Azure Capital
Series A (2017): $8.5M led by Visa Inc., BOLD Capital Partners, Silicon Valley Bank, Social Starts, and Epic Ventures
Debt (2021): $278K supported by PPP
Unspecified (2021): $15M featuring BOLD Capital Partners, iD Tech, EPIC Ventures, and Mosaik Partners
Other Financing Round (2026): $10M backed by VeriFone, BOLD Capital Partners, and Mosaik Partners
Key Investors in MagicCube
BOLD Capital Partners
BOLD Capital Partners is a venture capital firm dedicated to investing in entrepreneurs and technologies that aim to transform the world by disrupting large markets.
Mosaik Partners
Mosaik Partners invests in next-generation financial technology businesses, partnering with experienced founders to enhance B2B commerce and remove friction in the fintech sector.
VeriFone
VeriFone Systems develops technology that enables electronic payment transactions and value-added services at the point of sale for global financial and retail sectors.
What's next for MagicCube?
With this latest strategic backing, MagicCube is well-positioned to accelerate its product roadmap and expand its footprint in the global fintech and IoT security markets. The company's trajectory suggests a focus on deepening its integration with major payment processors and expanding its enterprise-grade security solutions. As the demand for software-defined security continues to rise, MagicCube is expected to leverage its recent capital to enhance its sTEE capabilities, potentially targeting new verticals that require high-assurance environments without the constraints of hardware-dependent infrastructure.
See full MagicCube company page
