Capital Is Cooling, But Security and AI Keep Winning the Checkbook
Startup funding eased this week, but the biggest rounds still flowed toward companies building the backbone of a more defensive, automated digital economy. Security, privacy, and AI infrastructure attracted the most capital, signaling that investors are narrowing in on technologies with clear enterprise value and long-term resilience.
Startup funding slowed this week, but the money that did move continued to reveal where investors believe durable value lives in a more volatile digital economy. The largest U.S. rounds concentrated in security, privacy, and AI infrastructure, reinforcing a clear pattern: capital is becoming more selective, while still favoring companies that protect data, automate operations, and support next-generation computing.
The week’s largest deal was a $375 million Series B for Cloaked, a consumer privacy and security platform. Beyond that, the leaderboard leaned heavily toward cybersecurity, AI infrastructure, healthcare, biotech, and robotics—an allocation mix that suggests venture capital is rewarding infrastructure and protection plays with strong enterprise relevance even as overall deal activity moderates.
For sports business, the signal is important. As leagues, teams, media companies, and venues increasingly depend on digital engagement, identity protection, AI-driven workflows, and automated systems, the sectors attracting capital this week map closely to the operational needs of the modern sports economy.
1. Cloaked, $375M, privacy: Cloaked raised $375 million in Series B funding led by General Catalyst and Liberty City Ventures. The Massachusetts-based company, founded in 2020, sells monthly subscriptions for individuals and families seeking consumer privacy and security tools.
2. Frore Systems, $143M, AI infrastructure: Frore Systems, which develops integrated cooling architecture for AI computing and networking hardware, closed $143 million in Series D funding. MVP Ventures led the round, which valued the eight-year-old San Jose-based company at $1.64 billion.
3. XBow, $120M, cybersecurity: Seattle-based XBow raised $120 million in Series C funding for autonomous security testing technology. DFJ Growth and Northzone led the round, which values the two-year-old company at more than $1 billion.
4. Oasis Security, $120M, cybersecurity: Oasis Security secured $120 million for identity security tools focused on AI agents. Backers included Craft Ventures, Cyberstarts, Sequoia Capital, and Accel, bringing the New York- and Israel-based company’s total funding to $195 million, according to Crunchbase data.
5. Imperative Care, $100M, medical devices: Imperative Care, a medical device company focused on stroke and vascular disease treatment, secured $100 million in convertible note financing. Elevage Medical Technologies and Perceptive Advisors led the investment for the Campbell, California-based company.
6. Bluesky, $100M, social media: Bluesky disclosed that it raised a previously unannounced $100 million Series B round that closed last spring. Bain Capital Crypto led the financing for the Seattle-based social network.
7. Cape, $100M, privacy and security: Cape, a recently launched privacy-focused mobile network, landed $100 million in Series C funding. Bain Capital Ventures and IVP led the round, which valued the Arlington, Virginia-based company at $900 million.
8. Latent, $80M, healthcare AI: Latent raised $80 million in Series A funding for an AI platform designed to help move patients from clinical decision to therapy. Spark Capital and Transformation Capital led the financing for the San Francisco-based company.
9. Crossbow Therapeutics, $77M, biotech: Cambridge-based Crossbow Therapeutics raised $77 million in Series B funding to develop antibody therapies for a broad range of cancers. Taiho Ventures and Arkin Bio Ventures led the round, which will support a Phase 1 clinical trial of the company’s lead program.
10. RoboForce, $52M, robotics: RoboForce said it raised $52 million in fresh funding, bringing its total raise to $67 million. YZi Labs led the financing for the Milpitas, California-based company building AI-enabled robot labor for industrial environments.
Methodology
This roundup tracks the largest announced funding rounds in the Crunchbase database for U.S.-based companies during the period of March 14-20. While most announced rounds are captured in the database, some may appear later due to reporting lag.
Illustration: Dom Guzman
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Why It Matters
Startup funding eased this week, but the biggest rounds still flowed toward companies building the backbone of a more defensive, automated digital economy. Security, privacy, and AI infrastructure attracted the most capital, signaling that investors are narrowing in on technologies with clear enterprise value and long-term resilience.
Content Package
Funding may be slowing, but investors are still doubling down on security + AI infrastructure. Biggest U.S. round: Cloaked’s $375M Series B—plus Frore, XBow, Oasis, and more signaling “protect and scale” priorities.
#StartupFunding#VentureCapital#Cybersecurity#AIInfrastructure#Privacy#CrunchbaseNews
Startup funding moderated this week, but the deals that did close sent a clear message: in a more volatile digital economy, investors are prioritizing companies that protect data, secure identities, and build the infrastructure for next-gen AI. Top U.S. round of the week: Cloaked raised $375M in its Series B (led by General Catalyst and Liberty City Ventures) for consumer privacy and security tools—evidence that “privacy as a product” remains a strong enterprise-backed thesis. Other standout rounds reinforce the same pattern: • Frore Systems ($143M Series D) — integrated cooling architecture for AI computing/networking hardware, valued at $1.64B. • XBow ($120M Series C) — autonomous security testing tech. • Oasis Security ($120M) — identity security tools built for AI agents. • Imperative Care ($100M) — convertible note financing for stroke/vascular disease medical devices. • Cape ($100M Series C) — privacy-focused mobile network. What’s notable isn’t just the sector mix (cybersecurity, AI infrastructure, healthcare/biotech, robotics)—it’s the implied selectivity. Venture capital may be moving slower, but capital is flowing toward infrastructure and protection plays with direct, measurable value. In short: even when funding cools, security and AI infrastructure don’t. They’re becoming the backbone investors want in uncertain markets. #VentureCapital #Cybersecurity #AIInfrastructure #Privacy #StartupFunding
#StartupFunding#VentureCapital#Cybersecurity#AIInfrastructure#Privacy#CrunchbaseNews
Funding’s cooling—but security + AI infrastructure are still hot 🔒🤖 Cloaked led with $375M, while Frore, XBow, and Oasis backed “protect + scale” priorities. #StartupFunding #Cybersecurity #AI #Privacy #VentureCapital #Fintech #HealthTech
#StartupFunding#VentureCapital#Cybersecurity#AIInfrastructure#Privacy#CrunchbaseNews
Startup funding slowed this week, but investors still moved capital into categories they see as essential: security, privacy, and AI infrastructure. The biggest announced U.S. round was Cloaked’s $375M Series B for consumer privacy and security. Other major deals included Frore Systems ($143M) for AI cooling infrastructure and multiple cybersecurity rounds such as XBow and Oasis Security—showing venture capital is getting more selective while continuing to back protection and next-gen compute.
#StartupFunding#VentureCapital#Cybersecurity#AIInfrastructure#Privacy#CrunchbaseNews
Funding is slowing… but security and AI infrastructure are still getting paid. Biggest U.S. deal this week: Cloaked raised $375M Series B for consumer privacy and security. And it’s not just privacy—investors also backed AI infrastructure and cybersecurity: • Frore Systems ($143M) for AI cooling architecture • XBow ($120M) for autonomous security testing • Oasis Security ($120M) for identity security for AI agents The takeaway? When the market gets volatile, capital goes to companies that protect data and power next-gen computing. Which category do you think will attract the most funding next: security, AI infra, or something else?
#StartupFunding#VentureCapital#Cybersecurity#AIInfrastructure#Privacy#CrunchbaseNews
Funding is moderating, but investors aren’t backing off—just getting more selective. This week’s biggest U.S. round: Cloaked raised $375M in a Series B for consumer privacy and security. And the pattern continues: • Frore Systems grabbed $143M to build integrated cooling architecture for AI computing and networking. • XBow raised $120M for autonomous security testing. • Oasis Security added $120M for identity security tools designed for AI agents. So what’s the signal? In a volatile digital economy, security, privacy, and AI infrastructure are the “must-have” categories. Want a quick breakdown of the top 10 rounds? Comment “TOP 10.”
#StartupFunding#VentureCapital#Cybersecurity#AIInfrastructure#Privacy#CrunchbaseNews
Funding is cooling, but the checkbook still favors security + AI infrastructure. This week’s biggest rounds—Cloaked ($375M), Frore ($143M), XBow ($120M)—signal durable value for the modern sports economy. #SportsTech
#SportsTech#Cybersecurity#AIInfrastructure#VentureCapital#Privacy
Startup funding may be slowing, but investor priorities are getting clearer: security, privacy, and AI infrastructure are still winning the checkbook. In the March 14–20 U.S. funding roundup, the largest rounds concentrated in: • Privacy & consumer security (Cloaked: $375M Series B) • AI compute and networking infrastructure (Frore Systems: $143M Series D) • Cybersecurity and autonomous security testing (XBow: $120M Series C; Oasis Security: $120M) Why this matters for sports business: Leagues, teams, media companies, and venues are increasingly dependent on digital engagement, identity verification, and AI-driven workflows—plus the automated systems needed to run modern operations at scale. In other words, the sectors drawing capital this week map tightly to the operational needs of today’s sports ecosystem. The broader takeaway: when capital becomes more selective, “durable value” tends to go to companies that: 1) Protect data and identities 2) Automate critical workflows 3) Enable next-generation computing As sports organizations plan for the next cycle of digital growth, these funding signals offer a practical lens for where budgets (and partnerships) may follow: security-first platforms and AI infrastructure that can be integrated into enterprise systems—not just experimental tools. What are you watching most closely in sports tech right now: identity/security, AI infrastructure, or something else?
#SportsTech#Cybersecurity#AIInfrastructure#VentureCapital#Privacy
Funding’s cooling—but security + AI infrastructure are still getting funded. 🛡️🤖 Cloaked ($375M), Frore ($143M), XBow/Oasis ($120M each). Sports is built on digital identity + automation now. #SportsTech #Cybersecurity #AIInfrastructure #VentureCapital #Privacy #DigitalTransformation
#SportsTech#Cybersecurity#AIInfrastructure#VentureCapital#Privacy
Even as startup funding slows, investors are still writing checks for durable value—especially in security, privacy, and AI infrastructure. This week’s biggest U.S. rounds included Cloaked ($375M) for consumer privacy/security, Frore Systems ($143M) for AI cooling architecture, and major cybersecurity funding for XBow and Oasis Security ($120M each). For sports, the message is clear: as leagues and teams lean harder into digital engagement, identity protection, and AI-driven operations, the technologies that safeguard data and automate workflows are becoming core infrastructure—not optional upgrades.
#SportsTech#Cybersecurity#AIInfrastructure#VentureCapital#Privacy
Funding is cooling… but security and AI are still getting the biggest checks. This week’s standouts: Cloaked raised $375M for consumer privacy and security. Frore Systems pulled in $143M for AI cooling architecture—because faster AI needs better infrastructure. And cybersecurity leaders like XBow and Oasis Security each raised $120M. So what does this mean for sports? Leagues and teams are all-in on digital engagement, identity, and automation—meaning protecting data and powering AI workflows is now “must-have” infrastructure. Bottom line: when money gets selective, security + AI infrastructure win. Follow for more sports business tech signals.
#SportsTech#Cybersecurity#AIInfrastructure#VentureCapital#Privacy
Startup funding is slowing, but investors still love security and AI infrastructure. Here are the signals from this week’s big rounds. Cloaked raised a massive $375M Series B for consumer privacy and security. Frore Systems landed $143M for integrated cooling architecture for AI computing and networking. And cybersecurity got major love too—XBow and Oasis Security each raised $120M. Now connect the dots to sports: leagues, teams, and venues rely on digital engagement, identity protection, and AI-driven workflows to run operations at scale. So the “sports-tech” takeaway is simple: security-first platforms and AI infrastructure that can integrate into real enterprise systems are the durable winners when capital gets selective. Which area do you think sports will prioritize next—identity security or AI infrastructure?
#SportsTech#Cybersecurity#AIInfrastructure#VentureCapital#Privacy
