MagicCube, a mobile security startup, Thursday announced it raised $2.2 million in a seed round of funding from Azure Capital, Epic Ventures, Bialla Venture Partners, and private investors.

MagicCube said in a press release its software-only technology secures digital transactions on any mobile device, independent of its hardware or operating system, and is built to stop digital transaction fraud where most vulnerabilities can be found today: at the endpoint.

"Commerce is rapidly evolving and migrating to digital channels. As innovation continues  to accelerate, the traditional approach of securing devices with hardware-based solutions  has become impractical and costly for the entire ecosystem," Sam Shawki, CEO and co-founder of MagicCube, said in a statement. "For smartphones, tablets, wearables, and other connected devices, the best approach to secure digital transactions is to use software, which is cost-effective and can be easily updated when new threats and use cases come along."

MagicCube claims that its technology addresses current security challenges and helps to future-proof applications as more consumers transact with myriad connected devices. With this in mind, the startup has launched its Charter Partner program, which offers participant companies early access to MagicCube's technology and the ability to model the development of specific use cases of commercial and strategic interest. Visa has signed up to take advantage of the software as the first participant in the Charter Partner program, according to the announcement.