MagicCube is a mobile and IoT security company that develops a software-based Trusted Execution Environment (TEE) platform. The company was founded by former leaders in mobile payment and security teams at Fortune 500 companies, who identified limitations in both software-based encryption (requiring constant patching) and hardware-based security approaches. Their core product is described as a software TEE security platform designed for mobile and IoT devices. A TEE is an isolated, secure area of a processor that ensures sensitive data is stored, processed, and protected in a trusted environment. MagicCube's approach replicates this concept entirely in software, which allows for deployment without dependency on dedicated hardware security chips. The company's focus areas include mobile security and payment security, targeting enterprises and organizations that require secure application and device environments — particularly in the mobile payments and financial services sectors. Their investor base includes Visa, Bold Capital Partners, Mosaik Partners, Epic Ventures, Azure Capital Partners, NTT, and Silicon Valley Bank, reflecting a strong alignment with the payments and fintech industries. MagicCube is headquartered in the United States and is led by co-founders Sam Shawki (CEO) and Nancy Zayed (CTO). The company positions its software TEE as an alternative to hardware-dependent security solutions, enabling broader deployment across diverse mobile and IoT device ecosystems without the constraints of specific hardware requirements.