Cloaked Raises $375 Million in Series B Funding
Cloaked, a New York-based company dedicated to protecting personal data privacy, has announced a successful Series B funding round, securing $375 million. The funding round, which took place on March 19, 2026, was led by General Catalyst. Other notable participants included Liberty City Ventures, Lux Capital, Human Capital, Marquee Ventures, Fifth Growth Fund, NFL Players Association, LG Technology Ventures, Assurant Ventures, and DuckDuckGo.
Company Background and Mission
Founded by brothers Arjun and Abhijay Bhatnagar, Cloaked provides a suite of privacy tools designed to help individuals manage and protect their personal data. The company enables users to create multiple digital identities for safe online interactions, offering services like data removal, identity theft insurance, VPN, and dark web monitoring. Cloaked aims to make data privacy a standard in everyday life, empowering over 350,000 users to control their data across various platforms.
Expansion into Enterprise Market
With the new influx of capital, Cloaked plans to broaden its horizons by expanding into the enterprise market. The company will adapt its consumer-focused solutions for corporate use, offering enterprise-grade tools that aim to reduce corporate risk and data exposure. CEO Arjun Bhatnagar highlighted the growing need for robust privacy solutions in the face of AI-driven scams and data breaches, stating that their approach addresses multiple facets of personal and corporate security.
Strategic Use of Funds
The funds raised will be directed towards enhancing Cloaked's existing services and developing new AI-powered solutions. The company plans to expand its AI-driven call screening to include text messages, email, and web browsing. Additionally, Cloaked is testing an AI agent that could further automate and improve data protection measures.
Investor Confidence
The significant investment from a diverse group of investors underscores the confidence in Cloaked's approach to privacy and security. General Catalyst's involvement as the lead investor reflects a strategic alignment with Cloaked's mission to prioritize data privacy in an increasingly digital world.
Looking Ahead
Cloaked's expansion into the enterprise sector represents a notable shift as companies seek comprehensive solutions to protect against sophisticated cyber threats. With the backing of its investors, Cloaked is well-positioned to enhance its offerings and meet the growing demand for privacy solutions in both consumer and corporate markets.
For more information about Cloaked and its privacy solutions, visit their website.