We think Mullvad is a great privacy tool, which is why we partnered with them!
As for what's different: We're a Multi-*Party* Relays (vs. traditional VPNs which are Single-Party Relays): https://www.privacyguides.org/articles/2024/11/17/where-are-...
With Multi-Party Relays you no longer have a trust a single entity not being malicious or compromised. More on this here: https://obscura.com/#how
Also, all our apps are open-source as well: https://github.com/Sovereign-Engineering/obscuravpn-client
Disclaimer: I'm the creator of Obscura.
How do you compare with iCloud Private Relay (with the obvious exception that private relay only works on macOS, and in specific apps only)?