TLDR:
- Cape, a privacy-first mobile carrier based in Arlington, VA, raised $61M in funding from investors including A* and Andreessen Horowitz.
- The company plans to use the funds to build a nationwide mobile network that offers premium wireless coverage while protecting personal identifying information.
In a recent funding round, Cape, a privacy-first mobile carrier based in Arlington, VA, secured $61M in investment. The 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. The company, led by CEO John Doyle, aims to create a nationwide mobile network that prioritizes customer privacy by masking personal identifying information such as names, numbers, and locations. Cape offers spam protection, account security, firewall restrictions, and nationwide 5G and 4G coverage with high tower density.
CEO John Doyle emphasized the importance of privacy in today’s digital age, stating, “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.”
This significant funding will enable Cape to further develop its innovative mobile network and provide customers with a secure and private communication experience in an increasingly digital world.
