Cape Raises $100 Million for Secure Cellular Connectivity
Summary
Privacy-focused mobile carrier Cape raised $100 million in Series C funding. Its cellular service uses rotating SIM identifiers and network-level protections against SS7-based location monitoring and call interception.
Key points
- The Series C round was co-led by Bain Capital Ventures and IVP; Cape says its total investment now stands at $191 million.
- Cape provides U.S. mobile service using eSIM technology and its own mobile core, while leasing physical towers from traditional carriers.
- The company says daily SIM identifier rotation helps prevent persistent device tracking.
- Cape says its network protections block SS7-based attacks targeting location monitoring or call interception.
- Other features include user-controlled SIM-swap safeguards, encrypted voicemail, and minimal data retention.
Article Details
- Event Type
- Funding announcement by privacy-focused mobile carrier Cape.
- Impact
- Cape raised $100 million in Series C funding, bringing its total investment to $191 million. Its cellular service offers protections including rotating SIM identifiers, blocking SS7-based attacks, SIM-swap safeguards, and encrypted messaging and voicemail, targeting surveillance and data-compromise risks for consumers, enterprises, and governments.