“Cape Rakes in $61M from A16Z and Beyond for Privacy-Focused Mobile Service”
That’s privacy by design.”The funding is notable in part because Cape appeal to users is not yet proven.
The latest round is being co-led by A* and Andreessen Horowitz, with XYZ Ventures, ex/ante, Costanoa Ventures, Point72 Ventures, Forward Deployed VC, and Karman Ventures also participating.
Those jobs may exposed him to users (government departments) who treated the security of personal information and privacy around data usage as essential.
(Cape today also announced a partnership with USCellular — which itself provides a MNVO covering 12 cellular networks, and Doyle said that it’s talking with other telcos, too).
Although payments for this might be anonymous, a user’s data is still routed through the network infrastructure of the underlying carrier, making a users movements and usage observable.