The Cate App is also known as the cheater’s app because it enables users to hide text messages and voice messages on their smartphones.
What Is CATE App?
Cate is an acronym for Call and Text Eraser, which appears in the name Cate App.
Furthermore, the Cate App is an application that enables smartphone users to disguise their call and text messages.
The device owner only needs to enter the names and numbers they wish to remain hidden on the device.
Cate App gives users the ability 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.
Cate app is merely software designed to help you avoid such occurrences.
|Company Name||CATE App|
|Investment Asking For||$50,000 For 5% equity in CATE App|
|Final Deal||$50,000 For 35% equity in CATE App|
|Shark||Daymond John and Kevin O’Leary|
|Episode||Season 4 Episode 2|
|Business Status||Out Of Business|
Who Is The Founder Of the CATE App?
Cate App was originally the brainchild of 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 more than 10,000 subscribers.
CATE App Before Shark Tank
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 was unable to 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 making his way into Shark Tank. While he was a teen, he sold Pokemon cards on eBay and other items.
He contacted a police officer who was unable to devote time to the CATE app at the time.
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?
Why has the ostensible cheating app vanished? Cate App received 10,000 new downloads following Shark Tank, and most of the new users were female!
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 taken down.
There is no indication that investment from Sharks would be sufficient to get the app off the ground.
CATE App Shark Tank Update
A report states that 10 000 people had downloaded the Cate app after the Shark Tank show aired, most of them were women.
Neil pursued government, law enforcement, and investor markets until he closed the business.
The deal between Daymond John, Kevin O’Leary, and Cate App was never finalized.
Neal and his sister purchased the Cate app from Flippa, a popular website that buys and sells websites.
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.
Is CATE App Still In Business?
As of 2022, CATE App is out of business, and their app and websites both are down.
Desai accepted a $70,000 offer from Kevin O’Leary and Daymond John in exchange for a 35% stake in the company.
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.
What Is the Net Worth Of the Cate App?
The valuation of Cate App was $1 million when it appeared on Shark Tank. The net worth of Cate App is unknown as of 2022 since the company has gone out of business.