CPE News (4/20/2021) – Cape Privacy has raised US $20 million in Series A financing 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).

Founded by Gavin Uhma, Morten Dahl and Ben Decoste, Halifax, New York based Cape Privacy offers an enterprise SaaS platform for encrypted learning combining advanced machine learning and cryptography.

Previously, Cape raised a $5 million seed round in 2020 led by boldstart ventures and Version One with participation from Haystack, Radical, and Faktory Ventures.