Cape, an Arlington, VA-based privacy-first mobile carrier, raised $61M in funding.
The round was led by A* and Andreessen Horowitz. XYZ Ventures, ex/ante, Costanoa Ventures, Point72 Ventures, Forward Deployed VC, and Karman Ventures also participated.
The company intends to use the funds to build a nationwide mobile network that provides premium wireless coverage which masks personal identifying information like names, numbers, and locations.
Led by CEO John Doyle, Cape is a privacy-first mobile carrier built to restore individuals’ control over their mobile identity. It provides a wireless coverage with minimal data collection and a commitment to never monetize subscriber data. Customers get spam protection, account security, firewall restrictions, and nationwide 5G and 4G coverage with high tower density.
Commenting on the news, John Doyle said: “We are tackling an enormous set of problems that exist due to the rise of smartphones and mobile networks as a primary avenue to accessing the Internet. We can’t leak what we don’t have. That’s privacy by design, and it’s how we enable connection without compromise.”
FinSMEs
19/04/2024