Cape dials up $61M from A16Z + more for mobile service that doesn't use personal data [TechCrunch]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: TechCrunch
Today, a startup called Cape — based out of Washington DC and founded by a former executive from Palantir — is announcing $61 million in funding to build what it claims will be a much more secure approach: it won't be able to leak your name, address, social security number, or location, because it never asks for these in the first place. “You can't leak or sell what you don't have,” it says . “We ask for the minimal amount of personal information and store sensitive credentials locally on your device, not on our network. That's privacy by design.” The funding is notable in part because Cape appeal to users is not yet proven. The company only came out of stealth four months ago, and it has yet to launch a commercial service for consumers — that's due to come in June, CEO and founder John Doyle said in an interview. It has one pilot project in operation, deploying some of its tech with the U.S. government, securing communications on Guam. The $61 million it is announcing today is
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PLTR
Earnings
- 2/5/24 - Beat
PLTR
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- PLTR's page on the SEC website