CATE App Shark Tank Update

The Cate App is also known as the cheater’s app because it enables users to hide text and voice messages on their smartphones.

Cate is an acronym for Call and Text Eraser, which appears in the Cate App. Furthermore, the Cate App is an application that enables smartphone users to disguise their calls and text messages.

CATE App is a mobile application that conceals smartphone calls and text messages. It lets users divert specific contacts to a hidden location, ensuring their communications remain private.

The app gained attention for its potential use in maintaining secrecy in personal relationships but also serves legitimate purposes for business professionals and law enforcement by protecting sensitive information.

The device owner only needs to enter the names and numbers they wish to remain hidden on the device. Cate App allows users to hide the names and numbers of messages and calls on their mobile devices.

They maintain a list of names and numbers to hide to accomplish this. It’s quite a coincidence that you are not apprehended until your guilt is established.

However, if your partner discovers an unexpected message, it could cause problems in your relationship. The Cate app is merely software designed to help you avoid such occurrences.

Who Is The Founder Of the CATE App?

Cate App was founded by a West Palm Beach police officer named Phil Immler. He created it exclusively to reduce domestic violence.

Neal Desai, who eventually purchased the application from Imler and his sister, quickly acquired over 10,000 subscribers.

While on active duty as a police officer, Phil Imler observed many domestic disputes that resulted from one spouse reading the other’s texts or browsing the other’s call history.

He wishes that the application would reduce domestic violence in such cases despite the reality of the situation. Neal Desai, however, chose to purchase Imler’s invention for $17,500 as he could not devote enough time to it.

The acquisition led to Desai receiving over 10,000 downloads just in time to appear on Shark Tank. Neal Desai has been hustling his entire life before entering Shark Tank. While he was a teen, he sold Pokemon cards and other items on eBay.

He contacted a police officer who could not devote time to the CATE app. The company was purchased by Neal for $17,500 and gained 10,000 customers through scrounging. We’ll have to wait and see how he performs with the Sharks.

How Was The Shark Tank Pitch Of the CATE App?

Neal Desai appeared on the Shark Tank requesting an investment of $50,000 in exchange for a 5% stake in his business.

Kevin and Daymond offer $50,000 for 50% of the CATE App. Neal counters $50,000 for a 15% stake in Cate App.

Daymond and Kevin lower the equity to 35%, while Barbara seeks 25% for the same money.

Desai starts his negotiation skills and convinces Kevin and Daymond to accept $70,000 for 35%.

Kevin O’Leary and Daymond John accepted the deal to invest $70,000 for a 35% equity in Cate App.

Final Deal: Daymond John and Kevin O’Leary agreed to invest $70,000 for a 35% equity in Cate App.

What Happened To CATE App After Shark Tank?

The deal between Daymond John, Kevin O’Leary, and Cate App was never finalized. Cate App received 10,000 new downloads following Shark Tank; most new users were female!

Neal and his sister purchased the Cate app from Flippa, a popular website that buys and sells websites.

CATE App can be useful for government agencies, law enforcement agencies, and investors, which Neal pursued. However, it appears as though it did not travel very far.

The company’s Twitter account was last updated in 2013. Since then, there haven’t been any news articles about it, and the website has been down. There is no indication that investment from Sharks would be sufficient to get the app off the ground.

Neil pursued government, law enforcement, and investor markets until he closed the business.

Cate App was listed and sold, but only 2 months before a new listing because the first buyer could not raise the money to complete the deal.

Desai was able to get the money from selling Pokemon cards online. I would hate to be the first to pass on this deal since I know how far it has come in just a few years.

The app would require the effort and determination of a man like Neals. It is also on the infamous Shark Tank show to start a bidding war among the other Sharks.

Cate App is only known when an App is installed on a smartphone if the owner uses one. Cate App is also being marketed as a “privacy app” to businesses, government agencies, and attorneys.

Cate App is beneficial for any entity that requires the protection of confidential communications. Cate has the disadvantage of being downloaded without the user’s knowledge, enabling someone to track their calls and texts without their knowledge.

Cate App is currently only available on Android devices; an iPhone version is expected to become available shortly after the launch.

The CATE App is out of business, and their app and websites are down. A CATE application has yet to be seen four years after submitting it. The website and app are no longer available.

CATE App’s Twitter account posted its most recent tweet in January 2013. Today, there are dozens of “cheat apps,” such as mTracker and CheatMaster.

The valuation of Cate App was around $150,000 after securing an investment from Daymond John and Kevin O’Leary on Season 4 of Shark Tank. The current net worth of Cate App is effectively $0 as the company has gone out of business.