Privacy startup Cloaked just closed a massive $375 million funding round as it makes a bold bet on enterprise customers. The company, which built its reputation protecting consumer data, is now taking its privacy infrastructure to businesses in what marks one of the largest security-focused raises this year. With General Catalyst backing the mixed equity and growth round, Cloaked's pivot signals growing corporate demand for privacy tools as regulations tighten globally.
Cloaked, the consumer-focused privacy platform, just landed a whopping $375 million funding round as it charges into the enterprise market. The raise, exclusively reported by TechCrunch, combines equity and growth capital in what stands as one of the biggest security-focused deals of 2026.
General Catalyst led the round, betting that Cloaked's consumer privacy playbook can translate into serious enterprise revenue. The timing couldn't be better - companies are scrambling to shore up data protection as regulations like GDPR and California's privacy laws grow teeth, and the penalties for violations climb into nine figures.
Cloaked built its name helping everyday users mask their personal information online, creating virtual identities for email, phone numbers, and payment details. Now it's packaging that same technology for businesses dealing with employee data, customer information, and sensitive corporate communications. The consumer-to-enterprise pivot is a well-worn Silicon Valley path - Slack and Dropbox famously made similar moves - but Cloaked's timing taps into something bigger.
The enterprise privacy market is exploding. According to industry analysts, businesses are projected to spend over $200 billion on cybersecurity and privacy tools in 2026, up 15% from last year. Data breaches at major corporations continue making headlines, with average costs per incident now exceeding $4.5 million. Companies aren't just buying privacy tools because they're nice to have anymore - they're essential insurance against regulatory fines and reputational damage.
