MagicCube Raises $10 Million to Go Beyond Tap-to-Phone; Adds Verifone as strategic investor
New partnership extends secure software innovation to biometrics, identity and AI-powered commerce experiences
NEW YORK, January 11, 2026 /PRNewswire/ — NRF — MagicCube, the leader in software-based security for payments and device integrity, today announced it has raised $10 million in committed new funding to accelerate its expansion beyond tap-to-phone technology into emerging areas such as biometrics, identity verification and AI-powered device security. The round includes new strategic participation from Verifone, one of the world’s leading payment solutions providers, as well as continued support from existing investors Bold Capital, Mosaik Partners and ID Tech, along with a major global investor based in EMEA, to be announced at the second closing.
Founded in 2014 and headquartered in Cupertino, California, MagicCube delivers Software Defined Trust (SDT) – a breakthrough technology that provides hardware protection to mobile devices through software alone. Trusted Execution Environment (sTEE) software allows smartphones, tablets and IoT devices to perform secure computations and protect sensitive data without the need for specialized chips or hardware modules.
“With this round and the addition of Verifone as both an investor and a partner, we are going beyond payments to secure the next era of digital identity, IoT and AI-powered computing,” said Sam Shawki, CEO and co-founder of MagicCube. “Our mission is to make trusted environments available everywhere: from phones to cars and connected systems at the edge.”
“Our mission is to give our partners, their vendors and their ISVs peace of mind knowing they are using the most advanced technology to secure the digital experiences they deliver to their end users: pure software with hardware security and global scalability,” said Nancy Zayed, CTO and co-founder of MagicCube. “This is the fastest path to delivering trusted digital services – not just for accepting payments, but also for identity, biometrics and AI-powered edge security on a global scale.”
Since the launch of its flagship product i-Accept®, which turns everyday mobile devices into compatible contactless payment terminals, MagicCube has become a trusted partner for major buyers and financial institutions, including JPMorgan Chase, Global Payments, Fiserv and Dojo by Paymentsense. The company’s infrastructure platform provides merchants and service providers with a flexible path to deploy secure, scalable payment acceptance solutions without the cost or complexity of new hardware.
Prasanna Narayan, Executive Vice President and Head of Product at Verifone, emphasized the strategic value of the partnership:
“Our investment in MagicCube expands our ability to serve customers seeking secure, identity-verified trading through new and emerging form factors. By integrating MagicCube’s technology, Verifone can bring trusted innovation to every step of the digital trading experience.”
The new funding will be used to accelerate R&D in software-based trust technologies, further strengthen MagicCube’s AI security offering, and deepen integrations across global payment and identity ecosystems.
About MagicCube
MagicCube provides software-based isolation solutions that protect sensitive data and transactions everywhere. Deployed by leading financial institutions worldwide, the proprietary Software Defined Trust (SDT) platform enables secure payment acceptance and trusted computing without hardware dependencies. For more information, visit www.magiccube.co.
SOURCE MagicCube
