Magic Labs
Decentralized identity authentication platform
- 201-500 employees
- B2B
- SaaS
- Cyber Security
- Identity
- Web 3.0
- SoMa, San Francisco, CA
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Company mission
To safegaurd the trust between users and Internet services by establishing secure and authentic digital identity.
Our take
Password-based authentication is notoriously fragile - with many people reusuing the same password for every site they use, and the majority of all breaches caused by passwords. Magic Labs is striving to bring an end to the traditional password authentication method, by providing developers with the tools to adopt secure, passwordless instant access to Web 3.0 wallets.
The company is trusted by Web 3.0 trailblazers including ImmutableX, Magic Eden, Zerion and Helium. It has continued to develop new capabilities as the Web 3.0 space matures - for example by collaborating with Uptop to launch an all-in-one Web 3.0 loyalty solution. This demonstrates its commitment to remain at the front of the space, delivering what this evolving industry needs.
Magic Labs has attracted significant investment from the likes of Northzone and Tiger Global, as well as from PayPal Ventures. This capital is being used to support the expansion of its functionality and the building up of more use cases, as well as new launches such as VaultKit for onchain finance compliance.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Professional growth and home office stipends
- 100% remote team
- Top-of-the-line equipment
- 401k program
- 99% coverage of health, dental and vision
- Flexible hours and unlimited vacation
Funding (last 2 of 3 rounds)
May 2023
$52m
EARLY VC
May 2021
$27m
SERIES A
Total funding: $85m
This company has top investors
Leadership
Arthur Jen
(Technical Fellow & Co-Founder)Since graduating from the University of Waterloo with a Bachelor of Computer Science, Arthur worked as a software engineer for Yelp before moving on to Magic.
Jaemin Jin
(President & Co-Founder)Prior to co-founding Magic, Jaemin worked as a software engineer at Apple, A9.com, and Uber.