Cloaked raises $375M Series B for enterprise push

Biometric Update reports that Cloaked has raised $375 million in Series B funding led by General Catalyst and Liberty City Ventures, pushing the identity security and privacy platform from its consumer roots into the enterprise market.

The startup, which started with burner email addresses, phone numbers, and a password manager, now offers identity theft insurance, VPN, dark web monitoring, and a data removal service that has helped users clean up more than 1 billion records from data broker sites. Cloaked recently launched an AI-powered spam and scam blocker for unwanted calls and is developing Cloaked Pay and an AI agent to help users manage aliases and change passwords for compromised services.

Co-founder Arjun Bhatnagar said AI has become better than humans at compromising individuals, and the problem now spans personal safety, family safety, and financial fraud. The company has 350,000 subscribers and says it has protected 10 million identities. The new funding will expand the consumer offering and tap the enterprise market with identity and password management and a scam blocker that alerts employees to potential scams.