Outtake, a company that builds an agentic cybersecurity platform to help enterprises detect, investigate, and eliminate identity fraud, has raised forty million dollars in a Series B funding round. While this amount may seem modest compared to the massive sums raised by some AI firms, the list of investors involved is a veritable who’s who of the tech industry.
The round was led by Murali Joshi of Iconiq, who has guided the firm’s investments in companies such as Anthropic, Datadog, Drata, and 1Password. A notable group of angel investors also participated, including Microsoft CEO Satya Nadella, Palo Alto Networks CEO Nikesh Arora, Pershing Square Holdings CEO Bill Ackman, Palantir CTO Shyam Sankar, Anduril co-founder Trae Stephens, former OpenAI VP Bob McGrew, Vercel CEO Guillermo Rauch, and former AT&T CEO John Donovan.
Founded in 2023 by former Palantir engineer Alex Dhillon, Outtake has generated excitement by automating the traditionally manual process of identifying and removing digital identity fraud. This includes impersonation accounts, malicious domains posing as legitimate companies, rogue applications, and fraudulent advertisements. The problem has intensified as artificial intelligence enables attackers to operate more convincingly and at greater speed.
Murali Joshi of Iconiq recounted initial skepticism, noting that detection and takedown has historically been a manual, human-intensive process unable to match the pace of the internet. However, after examining the product and conducting due diligence with customers, the investor became a believer. Joshi stated that Outtake has turned a human problem into a software problem, and that seeing AI eliminate digital fraud in real time is a game-changer for brand safety.
Outtake’s customers include OpenAI, Pershing Square, AppLovin, and several federal agencies. OpenAI even featured the company in July 2025 as an example of an agentic startup built on its reasoning models. The company reports significant growth across all metrics, with annual recurring revenue increasing sixfold year-over-year and its customer base growing more than tenfold. In the past year alone, Outtake’s systems scanned twenty million potential cyberattacks.