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ByNN Desk
Privacy Startup Cloaked Raises $375M Series B Funding
Cloaked has raised $375 million in a Series B funding round as the privacy-focused startup looks to expand its platform for protecting personal data and digital identity.
The funding will support Cloaked’s efforts to scale its identity privacy tools as demand for data protection and digital security continues to grow.
Cloaked has raised $375 million in a Series B funding round as the privacy-focused startup looks to expand its platform for protecting personal data and digital identity. The round was led by General Catalyst and Liberty City Ventures, with participation from Lux Capital, Human Capital, DuckDuckGo and LG Technology Ventures.
The company said the funding will be used to expand its AI-driven privacy tools and scale its enterprise offerings. It also plans to invest in product development and expand its reach across consumer and enterprise markets. “We have disguised more than 10 million identities and screened more than 40 million calls,” said Arjun Bhatnagar, co-founder and CEO of Cloaked.
Cloaked provides data privacy and security infrastructure that helps users manage digital identities and protect personal data from misuse, including removing data from broker sites and preventing scams. These tools are designed to give users greater control over how their personal data is collected, shared and used across digital platforms.
The development comes as cyberattacks, scams and AI-driven threats continue to rise, increasing risks to personal data and privacy. The growing use of AI tools has also made it easier for malicious actors to exploit personal information at scale. The rapid adoption of AI technologies has further accelerated these risks, as businesses respond to growing concerns around AI-driven cybersecurity threats and data privacy risks.
The funding reflects growing demand for stronger data privacy tools and security infrastructure as businesses increase investment to address evolving cybersecurity risks. Companies are increasingly prioritizing privacy-focused technologies to safeguard user data and maintain trust. The expansion is expected to strengthen Cloaked’s position in the growing market for privacy-focused technologies.
Cloaked is expected to expand its product offerings and strengthen its market presence as demand for privacy-focused technologies continues to grow in the AI era. The company is also likely to focus on scaling its platform to address evolving digital security challenges.
Disclaimer: This article is based on information from Cloaked’s official announcement and publicly available sources. NervNow has not independently verified the claims.
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