The creator of the Software Trusted Execution Environment (sTEE) has successfully completed its Series A funding round.
MagicCube announced the $8.5 million round, which was led by Bold Capital Partners. Epic Ventures, Social Starts and Silicon Valley Bank also participated.
MagicCube enables the large scale deployment and management of Internet of Things (IoT) and mobile-secure customer solutions. The sTEE platform includes a secure, in-app container which protects sensitive data, logic and cryptographic operations on the device while allowing for massive deployment and remote management capabilities.