Privacy-First Mobile Operator Cape Closes $61 Million Funding Round Co-Led by A-Star and a16z
Privacy-first mobile operator Cape closes $61M funding round co-led by A-Star and a16z with participation from XYZ Ventures, Costanoa Ventures, Point72 Ventures, Forward Deployed VC and Karman Ventures. Cape is a front-loaded privacy-first mobile operator that aims to restore control to individuals over their mobile identities. It provides premium wireless coverage with minimal data collection and promises to monetize data subscribers.Cape will use iPhone funding to build a mobile network with nationwide coverage that provides premium wireless coverage and, unlike traditional carriers, does not disclose personal information such as names, social security numbers and locations.
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