Cloaked

Challenger

Raised $375M Series B (Mar 2026). Backed by General Catalyst, Lux Capital, DuckDuckGo Ventures. 350K paying consumers, 10M protected identities. Pivoting to enterprise.

Consumer & Enterprise Identity Protection
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Company Overview

About Cloaked

Cloaked is an identity protection platform that generates masked virtual identities — disposable email addresses, phone numbers, and credentials — that shield users' real information from data brokers, advertisers, and potential breach targets. The company raised $375 million in Series B financing in March 2026, backed by General Catalyst, Liberty City Ventures, Lux Capital, and DuckDuckGo Ventures. With 350,000 paying consumers and 10 million protected identities, Cloaked is now pivoting toward the enterprise market where employee identity protection has become a compliance imperative.

Business Model & Competitive Advantage

The enterprise pivot is driven by two structural trends: the average data breach now costs $4.5 million, and much of that cost stems from credential-based attacks that begin with employee email or phone number exposure. Cloaked's enterprise offering provides employees with masked professional identities for vendor registrations, SaaS signups, and external communications — creating a layer of abstraction between corporate identity data and third-party systems that are frequently breached.

Competitive Landscape 2025–2026

DuckDuckGo Ventures' participation is a strategic signal: DuckDuckGo's entire brand is built around privacy-respecting alternatives, and its investment in Cloaked validates the identity masking approach as a genuine privacy solution rather than a security theater workaround. The combination of 350K paying consumers validating willingness-to-pay and the enterprise pivot gives Cloaked multiple revenue expansion paths.

Revenue
$375M
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Key Differentiators

Strong Challenger

Cloaked is an established challenger with significant market presence and competitive offerings in Cybersecurity.

Growth Stage

Cloaked has achieved $375M in revenue, demonstrating strong product-market fit.

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