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Events / Business / E& invests in MagicCube funding
Business funding round

E& invests in MagicCube funding

Analysis based on 6 articles · First reported Apr 28, 2026 · Last updated Apr 29, 2026

Sentiment
60
Attention
4
Articles
6
Market Impact
General
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Market Impact

The investment by Etisalat in MagicCube is expected to boost the cybersecurity and fintech sectors, particularly in the Gulf region, by advancing sovereign-grade security for AI, identity, and payments. This collaboration strengthens digital infrastructure and opens new opportunities for MagicCube to scale globally, potentially increasing its market valuation and influence.

Cybersecurity Telecommunications Financial Technology
Event Summary

MagicCube, a pioneer in software-based security, announced that Etisalat's investment arm, e& capital, joined its $10 million funding round, marking the second closing. This partnership aims to deliver sovereign-grade, hardware-free security for payments, identity, and digital assets. Verifone was a first-close strategic investor, alongside existing investors GHO Capital Partners and Mosaik Partners. The collaboration is significant as the Gulf region becomes a major hub for AI infrastructure and digital innovation. Sam Shawki, CEO of MagicCube, and Eddy Farhat, Executive Director at Etisalat, highlighted the importance of flexible, software-based security for critical workloads across cloud and edge environments.

Entities Involved
priv
MagicCube
MagicCube secured a strategic investment from e& capital, marking the second closing of its $10 million funding round. This investment will accelerate its vision for software-based security in AI, identity, and payments.
Importance 100.0 Sentiment 70.0
stock
Etisalat
Etisalat, through its investment arm e& capital, joined MagicCube's $10 million funding round. This aligns with Etisalat's strategy to back technologies that strengthen trusted digital infrastructure and open new opportunities in high-growth markets.
Importance 90.0 Sentiment 50.0
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Verifone
Verifone was a first-close strategic investor in MagicCube's funding round, demonstrating its support for software-based security in payments technology.
Importance 50.0 Sentiment 30.0
priv
Mosaik Partners
Mosaik Partners is an existing financial investor in MagicCube's funding round.
Importance 20.0 Sentiment 20.0
per
Eddy Farhat
Eddy Farhat, Executive Director, Corporate Ventures at Etisalat, commented on Etisalat's investment in MagicCube, highlighting the need for flexible, software-based security.
Importance 10.0 Sentiment 0.0
per
Sam Shawki
Sam Shawki, CEO and co-founder of MagicCube, expressed confidence in the partnership with Etisalat to build secure identity and AI rails.
Importance 10.0 Sentiment 0.0
priv
GHO Capital Partners
Importance 0.0 Sentiment 0.0
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