Cloaked Raises $375M in Series B Funding to Expand Privacy Protections to Enterprises Amid AI Surge

Cloaked, a leading consumer privacy company, has secured $375 million in Series B funding and growth financing as it pivots toward enterprise solutions.

Founded in 2020 by brothers Arjun and Abhijay Bhatnagar, Cloaked initially empowered users to generate disposable emails, phone numbers, and passwords for secure online interactions.

Cloaked's Evolution and Impressive Growth Metrics

Over the years, the company expanded its offerings to include data removal, identity theft insurance, VPN services, dark web monitoring, and AI-powered call screening.

This robust suite has protected over 10 million identities and removed more than 1 billion records from data broker sites.

Since launching call screening last year, Cloaked has processed over 50 million scam or spam calls, fueling 10x year-over-year growth.

The startup now boasts more than 350,000 paying customers and a team of nearly 70 employees.

Strategic Shift to Enterprise Privacy Tools

The fresh capital, led by General Catalyst and Liberty City Ventures, will accelerate Cloaked's entry into the enterprise market.

Enterprise customers will gain employee protections like identity management, password tools, and real-time scam alerts.

CISOs can access risk analytics, aggregated cleanup data, and company-wide threat insights through the platform.

Looking ahead, Cloaked plans AI expansions to screen texts, emails, browsing, and even deploy protective AI agents without compromising user data.