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New Washington D.C.-based cellular digital community operator (MVNO) Cape has raised $61 million in three financing rounds.
Cape operates as an full MVNO on the UScellular community. In contrast to different MVNOs, nevertheless, Cape’s distinctive promoting level is just not its pricing construction or engaging bundled companies, however privateness and safety.
Cape says it is not going to retailer prospects’ private info, reminiscent of identify, numbers, and placement date, thereby guaranteeing that these particulars stay past the attain of hackers.
At its core, the corporate believes that “privateness and safety are inherently invaluable”, and that “management over your private info is essential to autonomy and freedom”.
“Cape doesn’t ask for private info, like your identify or social safety quantity, to present you nice cell service,” reads the web site. “We don’t even retailer your cost info, together with your bank card quantity or handle, and your payments are saved domestically in your machine.”
Founder and CEO John Doyle got here from software program firm Palantir, the place he realized of the numerous vulnerabilities within the mobile community. Cape goals to interrupt the “chain of belief” that ends in shopper knowledge being shared with advertisers or being uncovered to hackers and knowledge breaches.
In additional excessive circumstances, dangerous actors having access to this may be lifechanging for purchasers.
“Tens of millions of cellular community subscribers see their private knowledge breached and their identities stolen, or particular person identities stolen by way of SIM jacking. Ukrainian troop places are uncovered by Russian network-based assaults. Advert-id knowledge reveals particulars of your private life. The record goes on,” reads a Cape weblog submit,
The corporate additionally gives AI primarily based spam safety, which claims to scale back undesirable calls and texts by as much as 90%.
Though not formally launching till June, Cape is at the moment working in early-access mode, and has already secured a pilot venture with the US authorities, securing communications on US island territory Guam.
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