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About Cape
Industries
Consumer Software
Cybersecurity
Company Size
51-200
Company Stage
Series B
Total Funding
$59.3M
Headquarters
Chesapeake, Virginia
Founded
1998
Overview
Cape provides a mobile network service that focuses on delivering secure and private wireless coverage. The service operates on a subscription model, where customers pay a regular fee to access Cape's network. The company uses advanced technologies to ensure that users' personal information, including names, numbers, and locations, remains untraceable by hackers. This allows customers to communicate through calls and texts with confidence in their privacy. Cape differentiates itself from competitors by emphasizing a privacy-first approach, collecting minimal data and never selling or misusing customer information. The goal of Cape is to meet the growing demand for secure mobile communications, positioning itself as a leader in the telecommunications sector for individuals who prioritize personal security and data protection.
Simplify's Take
What believers are saying
- Growing demand for privacy-focused mobile services boosts Cape's market potential.
- Partnership with IT&E Guam enhances Cape's market reach and credibility.
- Recent $61 million funding round indicates strong venture capital interest in privacy-first tech.
What critics are saying
- Increased competition from established privacy-focused telecom players like Silent Circle.
- Quantum computing advancements could threaten current encryption methods used by Cape.
- Government regulations on data retention may conflict with Cape's privacy-first model.
What makes Cape unique
- Cape offers privacy-first mobile services, ensuring minimal data collection and no data selling.
- The company uses advanced technology to make user data untraceable by hackers.
- Cape's subscription model provides secure, anonymous wireless coverage for privacy-conscious individuals.
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Funding
Total Funding
$59.3M
Above
Industry Average
Funded Over
3 Rounds
Andreessen HorowitzIndustry standards
Benefits
Health Insurance
Unlimited Paid Time Off
401(k) Company Match
Growth & Insights and Company News
6 month growth
â 25%1 year growth
â 14%2 year growth
â 14%As venture capital coalesces around the national capital, the surrounding region recently saw a big leap in how much these investors have put into companies with local ties. Companies in DC and its suburbs collected $1.7 billion in investment across 67 deals during 2024âs second quarter, according to the latest quarterly Venture Monitor report that PitchBook and the National Venture Capital Association (NVCA) released on Thursday. This is twice the amount that was invested in the prior quarter, as well as the greatest sum of funds since the first quarter of 2022, which saw a nearly $2.1 billion investment.JUUL brought in an overwhelming portion of last quarterâs investment â about $1.3 billion. The electronic cigarette company, which relocated to DC in 2020 but still has a massive West Coast presence, raised almost as much in a mega deal that topped PitchBookâs regional figures for Q4 2023. These latest tallies represent an uptick in investment compared to the first quarterâs quieter start to the year, which brought in $858 million. There were 67 deals reported in the second quarter, just three more than the preceding one
Privacy-first mobile carrier Cape today has unveiled a partnership with IT&E Guam, the largest provider of mobile technology in Guam and the northern mariana islands.
Privacy-first mobile carrier Cape announced it raised $61 million in funding led by A* and Andreessen Horowitz.
Cape will be focus on providing eSIMs to users, which would be sold essentially on a prepaid format to avoid the data that a contract might entail.
Quin Raises Series A to Transform Data-Driven Safety for Helmet Brands & MoreHelmet technology company Quin has successfully secured $9 million in Series A funding, with significant contributions from individual investors and helmet safety pioneer Mips AB (publ) (âMipsâ).Mips has committed $7.3 million to acquire a 25% stake in Quin, a sensor-based technology firm specializing in event detection and data-driven emergency response protocols.Quin, which has been active in the industry since 2018, specializes in event detection technology, offering proprietary sensor fusion and software solutions to helmet manufacturers.Its unique technology transforms passive gear into intelligent companions capable of identifying safety events, activating emergency response protocols, and connecting distressed individuals with nearby emergency services.
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About Cape
Industries
Consumer Software
Cybersecurity
Company Size
51-200
Company Stage
Series B
Total Funding
$59.3M
Headquarters
Chesapeake, Virginia
Founded
1998
Cape is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today