AI security startup Outtake raises $40M from Iconiq, Satya Nadella, Bill Ackman, and other big names

Outtake, which creates an agent cybersecurity platform to help companies detect, investigate, and eliminate identity fraud, has raised $40 million in series B funding.

While that may not sound like much given it’s huge number of some AI companies raiseThe names involved in this funding are like a who’s who of the technology industry.

The round was led by Iconiq’s Murali Joshi, who helped lead the company’s investments in companies like Anthropic, Datadog, Drata, 1Password, and others.

Investing angels include 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. wow!

The reason for the excitement? Outtake, which was founded in 2023 by former Palantir engineer Alex Dhillon, has found a way to automate what is usually a manual problem to find and eliminate the owners of digital identities: impersonation accounts, malicious domains masquerading as companies, rogue applications, fraudulent ads, and more. This problem has become more difficult as AI has enabled attackers to be more confident and faster in their efforts.

“We keep hearing whispers in our network about AI companies finally solving digital misrepresentation at scale. To be honest, we’re skeptical,” Joshi told TechCrunch. “Historically, detection and takedown was (and still is) a manual, human-intensive process that can’t keep up with the speed of the internet.”

But after Iconiq saw the product and did due diligence with its customers, the investors became believers, he said. “They have turned a ‘human problem’ into a ‘software problem.’ Seeing AI eliminate digital fraud in real time is a game changer for brand safety,” he said.

Dhillon told TechCrunch his experience at Palantir is what led him to get so many famous angels. “I worked directly for Shyam Sankar at Palantir when I was part of the experimental product team,” he explained. This led to him meeting many of Palantir’s powers, both current and former, including Stephens, who had worked there in previous years. (Stephens is also a VC for Peter Thiel’s Founders Fund.) One introduction led to another which led to moguls writing checks.

Names outtake among OpenAI customers, Pershing Square, AppLovin, and federal agencies. OpenAI even profiled the company in July 2025 is an initial example of an agent built on a reasoning model.

The company says it has seen massive growth all around, with annual recurring revenue increasing six-fold year-on-year and its customer base growing more than tenfold. Last year alone, Outtake said, the system scanned 20 million potential cyber attacks.