Daily Funding Roundup:
Mar 19, 2026
Privacy became a venture-scale category. Cloaked raised $375M to build the identity layer for the post-surveillance internet, while $575M+ flowed across 11 deals. Oasis Security's $120M round put non-human identity management on the map as AI agents multiply across enterprises. Latent Health scored an $80M Series A at a $600M valuation for clinical AI. Micron's blowout earnings and subsequent 7% stock drop crystallized the AI infrastructure paradox: demand is infinite, but so is the capital required.
Rounds
Consumer privacy startup Cloaked raised $375M in one of the largest privacy-focused rounds ever. The platform offers disposable identities, a VPN, data removal, and AI-powered spam-call screening, protecting over 10 million identities for 350,000 paying users. Co-led by General Catalyst and Liberty City Ventures, the round signals massive investor appetite for privacy infrastructure as data breaches and AI-driven surveillance become daily headlines. Cloaked is now expanding into enterprise, aiming to become the identity layer for both consumers and businesses. Total raised: $404M.
Oasis Security raised $120M to secure the fastest-growing attack surface in enterprise: non-human identities. As companies deploy thousands of AI agents, service accounts, and API keys, Oasis provides visibility and governance across IaaS, SaaS, PaaS, and on-prem environments. Founded by Israeli cybersecurity veterans from Unit 8200, the company has Sequoia, Accel, and Cyberstarts all on the cap table. This is the latest in a March cybersecurity funding wave that has now exceeded $500M. Total raised: $165M.
Clinical AI company Latent Health emerged with an $80M Series A at a $600M valuation, one of the largest Series A rounds in healthcare AI this year. The platform brings clinical intelligence directly into the patient record, helping care teams move patients from diagnosis to therapy faster. Already working with 50% of the top 20 U.S. health systems, Latent is proving that AI in healthcare works best when embedded in existing clinical workflows rather than replacing them.
Also Noted
Electric vessel manufacturer raised $50M led by Eclipse Ventures with a16z, Menlo Ventures, and Lowercarbon Capital to expand from consumer boats into commercial and defense markets including electric tugboats. The SpaceX-alumni-founded company represents the electrification wave reaching marine transportation. Total raised: $124M.
AI training gym platform raised $43M led by Andreessen Horowitz to build high-fidelity reinforcement-learning environments that simulate enterprise workflows across tools like Slack, Salesforce, and ticketing systems. Team includes veterans from Anthropic, Scale AI, Palantir, and Glean. Angel investors include OpenAI researcher Noam Brown.
Event-tech platform dubbed 'Shopify for events' raised $37M led by FirstMark Capital. Posh enables organizers to sell tickets and manage events directly, tackling the 'what are we doing tonight?' discovery problem with a creator-first approach. Total raised: $59M.
AI automation platform founded by ex-Palantir engineers emerged from stealth with $30M led by Sequoia Capital. Edra connects to existing systems like ServiceNow and Zendesk, reverse-engineers how a business operates, and codifies that knowledge for autonomous AI agents. Clients include HubSpot, ASOS, and easyJet.
Data center power startup raised $30M seed co-led by General Catalyst and Red Cell Partners. Claros builds integrated voltage regulators that funnel power directly to chips, cutting heat conversion loss and enabling 30% energy savings. Based in Northern Virginia, the AI data center capital. Total raised: $40M.
AI-native fund administrator raised $27M led by Emergence Capital with Lux Capital and Susa Ventures. The platform combines fund administration, portfolio management, and LP portal for PE and VC firms. Grew from $1B to $15B in assets under administration in one year.
Agentic coding security platform raised $25M at a $200M valuation led by Felicis Ventures. Founded by former CISA advisor Jack Cable and ex-Facebook CISO Alex Stamos, Corridor embeds real-time vulnerability checks into AI code-generation workflows. Angel investors from Anthropic, OpenAI, Cursor, and Cognition.
Firmware security firm raised $25M in equity and debt led by PEAK6 Strategic Capital with a16z, Madrona, Ten Eleven Ventures, and Qualcomm Ventures. Eclypsium scans firmware of servers, laptops, and AI infrastructure below the OS, maintaining 12M+ known-good firmware hashes. Total raised: $110M.
News & Signals
Privacy infrastructure becomes a venture-scale category
Cloaked's $375M round is a landmark for consumer privacy. Previous privacy startups struggled to monetize because users expected privacy tools to be free. Cloaked's 350,000 paying users and expansion into enterprise prove a different model: make privacy a product, not a feature. The timing aligns with growing regulatory pressure globally, the proliferation of AI systems that consume personal data, and a wave of high-profile data breaches. General Catalyst's bet suggests privacy infrastructure could follow the trajectory of cybersecurity, from niche concern to mandatory enterprise spend.
Non-human identity security emerges as the next cybersecurity frontier
Oasis Security's $120M round highlights a new attack surface that barely existed two years ago. Enterprise environments now have 50x more machine identities than human ones: API keys, service accounts, AI agents, automated workflows. Each is a potential entry point. Oasis joins Astrix Security, Silverfort, and ConductorOne in the NHI security category, but the agentic AI wave is accelerating demand. As every company deploys AI agents that authenticate, access data, and make decisions autonomously, securing those identities becomes existential. Cyberstarts, the firm behind Wiz and Armis, backing Oasis signals strong conviction.
Micron blowout earnings reveal AI infrastructure paradox
Micron reported $23.86B in Q2 revenue (up 196% YoY) with EPS of $12.20 vs $8.73 expected, then guided Q3 to $33.5B. The stock dropped 7% anyway. The reason: Micron raised 2026 capex by $5B to $25B+, and investors are increasingly nervous about the capital intensity required to serve the AI infrastructure buildout. This tension, between explosive demand and the investment required to meet it, is becoming the defining question for AI infrastructure companies. Revenue is up, but so is the cost of staying competitive. NTT separately announced it is doubling data center capacity to 4GW.
VC Mood on X
Cloaked's $375M dominated the conversation. The bull case: privacy is becoming infrastructure, not a feature, and the TAM expands as every AI application creates new data exposure. The bear case: consumer privacy companies have historically struggled to scale beyond niche audiences. The Cloaked counter-argument, 350K paying users and enterprise expansion, suggests this cycle may be different. Several VCs noted that the regulatory tailwind (GDPR enforcement, state privacy laws, AI Act) is creating mandatory demand rather than optional spend.
The non-human identity security thesis gained significant traction. Multiple security investors posted threads explaining why NHI is the next big attack surface: the average enterprise now has 50x more machine identities than human ones, and AI agents are adding thousands more. The comparison to the early days of endpoint security (when companies first realized every laptop was an attack vector) resonated. Oasis, Astrix, and Silverfort are all growing rapidly, suggesting this is a market-creating category rather than a zero-sum fight.
Micron's earnings report and stock reaction triggered a broader debate about AI infrastructure economics. The tension: revenue is growing faster than anyone predicted, but capex requirements are growing even faster. Some VCs argued this is bullish for startups building efficiency tools (power management, cooling, inference optimization) that help hyperscalers extract more compute per dollar. Claros's $30M seed for data center power infrastructure and Frore's $143M earlier this week for cooling both fit this "AI infrastructure efficiency" thesis.
Rounds and signals sourced from SEC filings, press releases, and verified news reports. "Also Noted" covers smaller or less-documented deals. All amounts in USD unless noted. Reporting reflects information available at time of publication.