Cloaked Snags $25M Funding to Tackle Data-Sharing Personal Privacy
A Boston startup has raised$ 25 million in early-stage financing to take on the erosion of personal privacy in today’s data sharing ecosystems. The startup, called Cloaked, said the Series An investment was co-led by Lux Capital and Human Capital and will be utilized to exit beta and drive development in a competitive market.
Founded by two bros, Arjun and Abhijay Bhatnagar, Cloaked is assuring to help users alter the way information is offered to online services.
Instead of sharing individual details like a telephone number, email, or credit card with sites, Cloaked is offering an app and internet browser extension to let users develop unrestricted, distinct identities.
“Cloaked develops instant identifiers and clever settings to make it easy for people to pick what, when, where and with whom they share information. When searching online or in-person, Cloaked instantly generates distinct email addresses, contact number, charge card, passwords, and other account details,” the business discussed.
“With every account register, [Cloaked] produces a new, encrypted database for each user where all personal details is stored, giving them the secrets and control to handle or delete at any point,” it added.
To date, Cloaked has raised a total of $29 million in funding. In addition to Lux Capital and Human Capital, the business is backed by General Driver, Peter Thiel, Index Ventures, Jeff Weiner from Next Play Ventures, All Turtles, Khosla Ventures, Michael Ovitz, and the Chainsmokers’ Mantis Fund.
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Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a journalist and cybersecurity strategist with more than twenty years experience covering IT security and innovation patterns. Ryan has built security engagement programs at significant worldwide brand names, including Intel Corp., Bishop Fox and Kaspersky GReAT. He is a co-founder of Threatpost and the global SAS conference series. Ryan’s profession as a reporter includes bylines at significant technology publications including Ziff Davis eWEEK, CBS Interactive’s ZDNet, PCMag and PC World. Ryan is a director of the Security Tinkerers non-profit, and a regular speaker at security conferences around the globe. Follow Ryan on Twitter @ryanaraine. Previous Columns by Ryan Naraine: