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Cape Raises $61 Million to Build Privacy-First Mobile Carrier Network

2024-04-19 14:35:54.596000

Cape, a privacy-first mobile carrier company, has raised $61 million in funding to build a nationwide mobile network that prioritizes user privacy and cybersecurity [212f2bb5]. The funding round was led by A* and Andreessen Horowitz, with participation from XYZ Ventures, ex/ante, Costanoa Ventures, Point72 Ventures, Forward Deployed VC, and Karman Ventures. Cape's founder and CEO, John Doyle, aims to create a robust cellular network that protects users from cybersecurity threats and vulnerabilities in traditional cellular networks. Cape is an independent, full-network Mobile Virtual Network Operator (MVNO) that provides premium cellular service without compromising privacy. The company offers features such as spam protection, account security, a stringent firewall, and malicious signaling protection. Cape will leverage UScellular's multicarrier full MVNO Revolution infrastructure, combining 12 separate national and regional cellular networks for maximum resilience. The funding will be used to further develop Cape's technology and reshape the mobile carrier industry's approach to user privacy and security [212f2bb5].

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