Cape raises $100M Series C at $900M valuation for anti-surveillance cell network; revenue up 8x in a year

Cape, a startup building a cellular network designed to resist surveillance, raised $100 million at a $900 million valuation. Founded by former Palantir employees, the company reported 8x revenue growth over the past year, Forbes reported. Cape's network encrypts cellular traffic to prevent interception by government agencies and third parties. The fundraise comes as concerns about mobile surveillance grow following revelations about warrantless location data purchases by law enforcement.