Information
New Washington D.C.-based cell digital community operator (MVNO) Cape has raised $61 million in three financing rounds.
Cape operates as an full MVNO on the UScellular community. Not like different MVNOs, nonetheless, Cape’s distinctive promoting level just isn’t its pricing construction or enticing bundled companies, however privateness and safety.
Cape says it is not going to retailer prospects’ private info, reminiscent of title, numbers, and placement date, thereby making certain that these particulars stay past the attain of hackers.
At its core, the corporate believes that “privateness and safety are inherently helpful”, and that “management over your private info is essential to autonomy and freedom”.
“Cape doesn’t ask for private info, like your title or social safety quantity, to provide 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 gadget.”
Founder and CEO John Doyle got here from software program firm Palantir, the place he discovered of the various vulnerabilities within the mobile community. Cape goals to interrupt the “chain of belief” that leads to client information being shared with advertisers or being uncovered to hackers and information breaches.
In additional excessive circumstances, dangerous actors getting access to this may be lifechanging for purchasers.
“Thousands and thousands of cell community subscribers see their private information breached and their identities stolen, or particular person identities stolen through SIM jacking. Ukrainian troop areas are uncovered by Russian network-based assaults. Advert-id information reveals particulars of your private life. The listing goes on,” reads a Cape weblog put up,
The corporate additionally offers AI based mostly spam safety, which claims to cut back undesirable calls and texts by as much as 90%.
Though not formally launching till June, Cape is presently working in early-access mode, and has already secured a pilot mission with the US authorities, securing communications on US island territory Guam.
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