Cape Wireless Raises $61M Led by A-Star VC, Andreessen Horowitz for Secure 5G Mobile Services

Apr 18, 2024, 05:10 PM

Cape Wireless has successfully raised $61 million in a funding round led by A-Star VC and Andreessen Horowitz to enhance its privacy-focused mobile services, including the development of secure 5G technology. This investment will support Cape's collaboration with UScellular to deliver the country's densest overlapping coverage, emphasizing superior cellular resilience and privacy. The funding will also aid in expanding their team, as they are currently hiring, to further develop secure mobile solutions for consumers, businesses, and government entities, aiming to meet the growing demand for secure communications in the telecom industry.