#USA #Cupertino #Digital Security #MagicCube #e& capital

e& Capital Joins MagicCube's $10 Million Fundraising Round

Recently, MagicCube, a leading player in software-based security solutions for payments, identity, and digital assets, revealed that e& capital has officially joined its $10 million funding round. This announcement emphasizes a significant step in enhancing sovereign-level security solutions in the realms of artificial intelligence (AI), identity, and payments.

The Investment Highlights

The collaboration marks the second closing of the investment, underlining the shared mission of MagicCube and e& capital to deliver sovereign-grade security without relying on hardware, enhancing digital trust across devices and jurisdictions globally.

Eddy Farhat, the CEO of Corporate Ventures at e&, stated, “MagicCube is addressing an urgent need at the intersection of digital identity, payment solutions, and AI security.” As businesses and countries increasingly shift sensitive workloads to cloud and edge environments, the demand for flexible, software-based security is on the rise. The investment reflects e& capital’s commitment to supporting technologies that foster trustworthy digital infrastructure and create opportunities in high-growth markets.

The Importance of This Investment

In an era where sovereign funds, telecommunications companies, and hyper-scalers invest heavily in next-generation computing and data capabilities, MagicCube offers a neutral, software-centric security framework that safeguards critical workloads across various regions, devices, and cloud providers. Their platform enhances continuity and resilience, ensuring that payment, identity, and AI services remain secure and accessible in response to evolving infrastructure routes and regulatory frameworks.

Sam Shawki, co-founder and CEO of MagicCube mentioned, “Having e& backing us at this critical moment, particularly as the Gulf region is shaping the future of AI and digital infrastructure, is both a powerful endorsement and a strategic signal.” Together, MagicCube and e& are committed to constructing secure pathways for identity and AI that are independent of any specific cloud provider or hardware supplier, instilling confidence in their partners for global expansion.

Influencing Global Standards

This funding is a significant milestone in highlighting the role of regional tech leaders in setting global standards for AI, cloud, and digital finance. By endorsing MagicCube's Software Defined Trust (SDT) platform, e& is advocating for a security layer that is prepared for sovereign environments, independent of hardware, adaptable to changing regulatory demands, and empowering governments, banks, and corporations with greater control over the protection of their critical data and AI models.

The SDT platform protects payment processes, digital identities, and AI services utilized across smartphones, tablets, vehicles, self-service kiosks, and IoT devices. This universal trust layer allows partners to navigate the evolving landscape confidently.

Shawki continues, “As computing and data become strategic national assets, our mission is to provide our partners with a neutral trust infrastructure that is cloud-agnostic and device-agnostic, operating anywhere in the world. With e& leading this round, we can accelerate that vision alongside regions that are ambitiously investing in the next phase of AI and digital sovereignty.”

About MagicCube & e&

MagicCube is redefining security with its software-based solutions by protecting sensitive data and workloads on both devices and the cloud, thereby eliminating the need for specific hardware security modules. Their offerings ensure resilience and compliance for banks, telecom companies, and other enterprises across diverse jurisdictions.

e& (ADX EAND) is a global technology group dedicated to advancing the digital future across 38 countries in the Middle East, Asia, Africa, and Europe. Originating in Abu Dhabi in 1976, e& leverages five decades of expertise in advanced connectivity to deliver powerful digital solutions that drive value and progress. Their critical mission infrastructure includes sovereign cloud platforms and data solutions powered by AI, tailored to address complex challenges and facilitate growth.

To learn more about MagicCube, visit www.magiccube.co, and for e&, head over to www.eand.com.