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Privacy-focused MVNO Cape raised a $100M Series C at a $900M valuation, and says its revenue grew from $4.5M in 2024 to $37M in 2025

Cape cofounder and CEO John Doyle is seeing rapid revenue growth for his cell network, which deletes call logs and doesn't collect social security numbers like AT&T and Verizon do.

Forbes Thomas Brewster

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  • @thomasbrewster Thomas Brewster on bluesky
    🚨NEW🚨 Cape, the anti-surveillance mobile network cofounded by ex-Palantir employees, has hit a $900 million valuation.  —  Explosive revenue growth too, from $4.5m in 2024 to $37m in 2025.  —  Still, there are doubters and CEO John Doyle tells me how he responds to them. …