Cape Raises $61M to Build Ultra-Private and Secure Mobile Carrier [Yahoo! Finance]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance
carrier, has raised $61M in financing rounds led by A* and Andreessen Horowitz. XYZ Ventures, ex/ante, Costanoa Ventures, Point72 Ventures, Forward Deployed VC, and Karman Ventures also participated in the financing. Cape will use the capital to build a nationwide mobile network that provides premium wireless coverage which, unlike traditional carriers, masks personal identifying information like names, numbers, and locations. "Telecom is one of the largest and most antiquated industries on the planet," said Kevin Hartz, General Partner of A*. "Cape's privacy-first architecture meets a growing need in the market for secure communications across consumers, businesses, and government." The financing announcement comes as top U.S. officials raise the alarm on lax cybersecurity by the major telecommunications carriers, which leave them vulnerable to compromise by foreign actors. Hackers can use telecommunications networks to collect personal information, pinpoint users' locations, and
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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