Cape dials up $61M from a16z and more for mobile service that doesn't use personal data
Summary
Cape is not disclosing its valuation.Doyle attracted that investor attention in part because his past roles have included nearly nine years of working for Palantir as the head of its national security business. Prior to that, he was a special forces sergeant in the U.S. Army.Those jobs exposed him to users (like government departments) who treated the security of personal information and privacy around data usage as essential. Theres a whole host of app-based solutions out there, apps out there like Proton Mail and Signal, and WhatsApp and other encrypted messaging platforms that do a good job, to varying degrees, depending on who you trust for securing the contents of your communications," he said. You can also still be open to SIM swap attacks and spam.For a16z, the investment is becoming a part of the firms "American Dynamism" effort, which this week got a $600 million boost from the latest $7.2 billion in funds that the VC raised.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 a16z, in a statement. The team is the first to apply this caliber of R&D muscle to rethinking legacy telecom networks, and are well placed to reshape the way mobile carriers think about their subscribers as customers instead of products.