Cloaked Secures $375M to Expand Enterprise Privacy Solutions

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Cloaked, initially focused on providing privacy solutions for individual consumers, has secured a significant $375 million investment to extend its offerings to the enterprise market. This expansion reflects the growing demand for robust data privacy measures among businesses, driven by increasing regulatory scrutiny and heightened awareness of data security risks. The funding will enable Cloaked to develop and deploy enterprise-grade privacy tools, helping companies protect sensitive information and comply with evolving privacy regulations. This move positions Cloaked to compete in the rapidly expanding market for enterprise privacy solutions.