Outtake, a pioneering cybersecurity firm, has successfully raised $40 million in its Series B funding round, aiming to enhance its platform designed to combat identity fraud for enterprises.
While this funding may seem modest compared to some of the astronomical amounts raised by AI companies, the roster of investors involved is impressive, featuring notable figures from the tech industry.
The investment round was spearheaded by Murali Joshi of ICONIQ, who has previously backed influential companies like Anthropic and Datadog.
Among the angel investors are prominent names such as Microsoft CEO Satya Nadella, Palo Alto Networks CEO Nikesh Arora, and Pershing Square Holdings CEO Bill Ackman. The list also includes Palantir's CTO Shyam Sankar and former OpenAI VP Bob McGrew, showcasing a strong belief in Outtake's mission.
Founded in 2023 by Alex Dhillon, a former engineer at Palantir, Outtake has developed an innovative solution to automate the detection and removal of digital identity impersonators, including fraudulent accounts and malicious domains. This challenge has intensified as AI technologies have made it easier for attackers to create convincing fakes.
Joshi shared his initial skepticism about Outtake's potential, stating, "We kept hearing whispers in our network about an AI company that was finally solving digital misrepresentation at scale. Historically, detection and takedown was a manual process that struggled to keep pace with the internet's speed."
However, after thorough evaluation, ICONIQ became convinced. "They've turned a 'human problem' into a 'software problem.' Witnessing AI tackle digital fraud in real-time is revolutionary for brand safety," he added.
Outtake counts major clients such as OpenAI and federal agencies among its customers. In a profile from July 2025, OpenAI highlighted Outtake as a key player in the startup landscape.
The company reports significant growth, with annual recurring revenue increasing sixfold and its customer base expanding over tenfold. Last year, Outtake's systems managed to scan an impressive 20 million potential cyber threats.
