Cape is the only platform that through encrypted learning allows companies to collaborate on machine learning models without compromising proprietary or confidential data. The round was led by Evolution Equity Partners with participation from new investors Tiger Global Management, Ridgeline Partners and Tom Noonan of Downing Lane, together with existing investors boldstart ventures, Version One Ventures, Haystack, Radical Ventures and Snyk executive Jevon MacDonald. Additional investment came from Coinbase co-founder and board member Fred Ehrsam, former Looker Data co-founders and executives Ben Porterfield and Keenan Rice, and Partners of Sand Hill East (former Financial Services C-level executives including Andy Brown and Roseann Palmieri).

Cape Privacy offers an enterprise SaaS platform for encrypted learning combining advanced machine learning and cryptography. With Cape's technology, privacy is protected by default as companies collaborate with external parties to improve data models and increase business value-without ever having their sensitive data exposed. Cape Privacy's platform is flexible, adaptable and open source. Based in New York City and Halifax Canada with a fully distributed team from Europe to California. The Company is backed by Evolution Equity Partners; Tiger Global Management; boldstart ventures; Version One Ventures; Ridgeline Partners; Haystack and Radical Ventures.