Magic Labs

Provides secure, passwordless authentication solutions

San Francisco, California, United States

About Magic Labs

Magic Labs provides secure, passwordless authentication solutions for web and mobile applications. Their main product, Magic.link, allows users to log in to various applications using methods like magic links sent via email or SMS, eliminating the need for traditional passwords. This approach not only enhances security by reducing the risk of breaches associated with password systems but also improves user experience by simplifying the login process. Unlike many competitors, Magic Labs focuses on a "wallet as a service" model, offering a subscription-based platform that includes features such as continuous risk monitoring and real-time service updates. The company's goal is to help clients enhance security, streamline user experiences, and ensure compliance with industry standards.

San Francisco, CaliforniaHeadquarters
2020Year Founded
$82.7MTotal Funding
EARLY_VCCompany Stage
Consumer Software, CybersecurityIndustries
51-200Employees

Benefits

100% remote team
Flexible hours
Unlimited vacation
Health, dental, & vision coverage
Professional growth stipend
Home office stipend
Top-of-the-line equipment
401k

Risks

Competition from Torus and Portis may impact Magic Labs' market share.
Reliance on blockchain partners like Polygon poses risks if they face challenges.
Email-based authentication could be vulnerable to phishing attacks.

Differentiation

Magic Labs offers instant non-custodial wallet creation with email or social logins.
The company provides a plug-and-play kit for password-less authentication integration.
Magic Labs' Newton network enables seamless cross-chain wallet connections.

Upsides

Growing demand for passwordless authentication boosts Magic Labs' market potential.
Partnerships with Polygon and Tezos enhance Magic Labs' blockchain interoperability.
Rising Web3 adoption in traditional industries expands Magic Labs' service opportunities.