-45%

est. 2Y upside i

CybersecuritySeries B

Cloaked is a privacy startup dedicated to rebuilding consumer trust in how personal data is used. Our vision is to create an internet that serves the needs of its users, first and foremost—with individual privacy and opt-in at the core. Our product is a virtual “cloak” that you use as you visit any website — Facebook, Amazon, etc.

Rank

#3183

Sector

Cybersecurity

Est. Liquidity

~3Y

Data Quality

Data: Low

Cloaked's equity is highly speculative.

Last updated: July 19, 2026

Bull (20%)+50%

If an IPO window opens and Cloaked achieves category leadership, exit multiple could expand to 30x, implying ~$570M exit, but still below entry. Upward revision only if revenue explodes above $50M.

Base (50%)-50%

Convergence to 10x forward multiple yields $190M exit, well below $1B entry. Preference stack absorbs most common equity value.

Bear (30%)-100%

Competitive pressure from incumbents and slower growth compress multiples to 5x, exit below $415M preference, common stock worth zero.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

42%

Total funding of $415M represents 41.5% of entry valuation, creating a large preference overhang.

Dilution Risk

high

With heavy cash burn likely, additional funding rounds will dilute common shareholders.

Secondary Liquidity

none

No secondary market activity detected; liquidity likely tied to an IPO or acquisition.

Questions to Ask at the Interview

Strategic questions based on Cloaked's data — designed to show you've done your homework.

  • 1

    “How does Cloaked's unit economics compare to competitors like Aura and LifeLock?”

  • 2

    “What is the company's path to profitability given the high burn rate?”

  • 3

    “Given the large Series B, what is the expected timeline for liquidity events and how does the cap table look for employees?”

Community

Valuation Sentiment

Our model estimates -45% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.