MagicCube, the pioneer of software-based security for payments, identity, and digital assets, just scored big. e& capital, the investment arm of global technology group e&, joined its $10 million funding round. This marks the second closing and teams up with first-close investor Verifone plus Bold Capital Partners and Mosaik Partners.
Why This Deal Sparks Global Trust
**The partnership highlights a shared push for sovereign-grade, hardware-free security.** It strengthens digital trust across devices, clouds, and jurisdictions worldwide. As nations and enterprises rush to protect AI models, digital identities, and cross-border data flows, the Gulf emerges as a key hub for AI infrastructure and innovation. Therefore, this move feels timely and strategic.
**e& capital sees huge potential at the intersection of digital identity, payments, and AI security.** Eddy Farhat, Executive Director at e&, notes that organizations need flexible, software-based solutions for resilience, compliance, and scale. Moreover, the investment backs technologies that build trusted digital infrastructure in high-growth markets.
MagicCube's Vision Takes Flight
**With e& capital on board, MagicCube accelerates its Software Defined Trust (SDT) platform.** This neutral, software-first trust fabric secures critical workloads everywhere. It delivers continuity and resilience so payments, identity, and AI services stay safe amid evolving infrastructure and regulations.
Sam Shawki, CEO and co-founder, calls the backing a powerful endorsement. "Together with e&, we're building secure identity and AI rails not tied to any single hyperscaler or jurisdiction," he says. Thus, partners gain confidence to scale globally.
MagicCube's SDT platform protects across smartphones, tablets, vehicles, kiosks, and IoT devices. It gives governments, banks, and enterprises greater control over their data and AI models.
For more, visit www.magiccube.co.
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