Cape Raises $61M to Build Ultra-Private and Secure Mobile Carrier
Summary
Cape will use the capital to build a nationwide mobile network that provides premium wireless coverage which, unlike traditional carriers, masks personal identifying information like names, numbers, and locations. Founded in 2022, Cape partners with leading public, private, and academic research institutions to create a robust cellular network that protects users from present-day cybersecurity threats. In contrast, as one of the only independent, full-network Mobile Virtual Network Operators in America, Cape is able to provide premium cellular service without the privacy sacrifices inherent in typical phone plans. Were excited to work with Cape to deliver a wireless experience that keeps people connected securely wherever they are, said Kim Kerr, senior vice president, enterprise sales and operations for UScellular. Capes technology is an answer to long-standing, critical vulnerabilities in todays telecom infrastructure that impacts everything from homeland security to consumer privacy, said Katherine Boyle, General Partner at Andreessen Horowitz.