Outtake Team
Outtake, a New York-based cybersecurity startup protecting organizations from AI-powered impersonation attacks, announced Tuesday it has raised $40 million in Series B funding led by ICONIQ. The round attracted participation from CRV, S32, and a notable roster of technology and security executives including Microsoft CEO Satya Nadella, Palo Alto Networks CEO Nikesh Arora, Pershing Square CEO Bill Ackman, Palantir CTO Shyam Sankar, Anduril co-founder Trae Stephens, former OpenAI VP of Research Bob McGrew, Vercel CEO Guillermo Rauch, and former AT&T CEO John Donovan.
Founded in 2023 by former Palantir engineers including CEO Alex Dhillon, Outtake builds autonomous AI agents that detect, investigate, and disrupt identity-based threats across digital surfaces. The company's platform addresses the rapidly eroding state of digital identity as artificial intelligence dramatically lowers the cost and complexity of cybercrime. What once required coordinated criminal groups and weeks of preparation can now be executed by individuals in hours using generative AI tools.
Murali Joshi, General Partner at ICONIQ who is joining Outtake's board, stated that digital identity and trust are being fundamentally reshaped by AI, describing Outtake's technology as fundamentally differentiated relative to everything else on the market. ICONIQ previously backed enterprise infrastructure companies including Anthropic, Datadog, Drata, and 1Password, establishing expertise in critical security platforms.
Outtake's customer base includes OpenAI, Pershing Square, AppLovin, federal agencies, luxury retail brands, and leading AI labs. OpenAI profiled the company in July 2025 as an example of an agentic startup built on its reasoning models, highlighting Outtake's use of AI to autonomously take down digital fraud in real time. The early exposure to high threat volumes typically encountered much later in startup lifecycles has accelerated Outtake's product development and market readiness.
The company reports sixfold year-over-year growth in annual recurring revenue and more than tenfold expansion in customer base. During 2025 alone, Outtake's systems scanned twenty million potential cyberattacks, providing extensive training data for its autonomous detection and response capabilities. The platform operates across multiple attack surfaces including email verification, web monitoring, and social media impersonation detection.
Dhillon, who spent nearly five years at Palantir working on AI platforms before founding Outtake, emphasized the transition toward always-on security requiring agent-based technology solutions. He described the current threat environment as organizations getting hammered daily, necessitating autonomous agents manning defensive perimeters continuously. The funding will expand engineering, product, and go-to-market teams while deepening platform capabilities to support growing global demand.
Bill Ackman's participation signals that AI security has transcended purely technical considerations to become a business risk management imperative commanding institutional investor attention. His Pershing Square Capital Management, which oversees approximately $16 billion in assets, has increasingly focused on technology investments addressing fundamental infrastructure challenges. The convergence of cybersecurity veterans, technology executives, and institutional capital around Outtake reflects broad recognition that enterprise AI deployment demands institutional-grade security infrastructure.
Outtake previously raised $16.5 million in Series A led by CRV in April 2025, following a $3.5 million seed round. The latest financing puts total capital raised at approximately $60 million, positioning the company among cybersecurity startups backed by executives who have built, defended, and scaled security platforms globally. The funding arrives as enterprises transition from experimental AI initiatives to production-scale implementations requiring robust threat detection and response capabilities.
