What does Outtake's cybersecurity platform do?

Outtake's agentic cybersecurity platform automates the detection, investigation, and takedown of digital identity fraud, including impersonation accounts and malicious domains.

Who invested in Outtake's $40 million Series B funding round?

The $40 million Series B round was led by ICONIQ and included investments from prominent figures like Microsoft CEO Satya Nadella and Palo Alto Networks CEO Nikesh Arora.

How has Outtake experienced growth?

Outtake has seen significant growth, with its annual recurring revenue increasing sixfold year-over-year and its customer base growing more than tenfold.

Home / Business and Economy / AI Tackles Identity Fraud with $40M Series B

AI Tackles Identity Fraud with $40M Series B

29 Jan

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Summary

Outtake secured $40 million in Series B funding.
Prominent tech leaders and CEOs invested in the round.
The platform automates the detection of digital identity fraud.

AI Tackles Identity Fraud with $40M Series B

Outtake, a cybersecurity firm specializing in combating identity fraud, has announced a $40 million Series B funding round. The company's agentic platform automates the detection, investigation, and takedown of digital impersonations, including fraudulent accounts and malicious domains.

This significant investment was led by ICONIQ's Murali Joshi and saw participation from a notable list of tech industry executives. These influential investors include Microsoft CEO Satya Nadella, Palo Alto Networks CEO Nikesh Arora, and Pershing Square Holdings CEO Bill Ackman, among others.

Founded in 2023 by former Palantir engineer Alex Dhillon, Outtake addresses the growing challenge of AI-powered identity fraud. Historically, detecting and removing such threats was a manual and time-consuming process. Outtake's solution transforms this into a software-driven operation, effectively handling digital misrepresentation at scale.