Cape, an Arlington, VA-based privacy-first cellular provider, raised $61M in funding.
The spherical was led by A* and Andreessen Horowitz. XYZ Ventures, ex/ante, Costanoa Ventures, Point72 Ventures, Ahead Deployed VC, and Karman Ventures additionally participated.
The corporate intends to make use of the funds to construct a nationwide cellular community that gives premium wi-fi protection which masks private figuring out info like names, numbers, and places.
Led by CEO John Doyle, Cape is a privacy-first cellular provider constructed to revive people’ management over their cellular id. It supplies a wi-fi protection with minimal knowledge assortment and a dedication to by no means monetize subscriber knowledge. Clients get spam safety, account safety, firewall restrictions, and nationwide 5G and 4G protection with excessive tower density.
Commenting on the information, John Doyle mentioned: “We’re tackling an infinite set of issues that exist because of the rise of smartphones and cellular networks as a main avenue to accessing the Web. We are able to’t leak what we don’t have. That’s privateness by design, and it’s how we allow connection with out compromise.”
FinSMEs
19/04/2024
