MagicCube, a Santa Clara, CA-based creator of a Software Trusted Execution Environment platform (sTEE™), a technology that enables large-scale deployment and management of IoT and mobile-secure solutions to consumers, completed an $8.5m Series A funding round.
The round was led by Bold Capital Partners with participation from Epic Ventures, Social Starts and Silicon Valley Bank.
The company intends to use the funds to increase adoption of its mobile security solutions across the IoT sector.
Led by CEO and Co-Founder Sam Shawki, MagicCube provides a technology platform that enables large-scale deployment and management of Internet of Things (IoT) and mobile-secure solutions to consumers. The sTEE platform provides a secure in-app container that protects sensitive data, logic and cryptographic operations on the device, while offering massive deployment and remote management capabilities.
The company partners with Sequent, a card digitization provider for Visa and MasterCard, and YellowPepper, a mobile payments provider in Latin America that offers a software solution to protect mobile and other connected devices.