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Outtake, a cybersecurity firm focused on an agentic platform designed to assist organizations in identifying, investigating, and dismantling identity fraud, has successfully secured $40 million in its Series B funding round.
While this amount may seem modest compared to the substantial funds some tech companies acquire, the esteemed names participating in this investment highlight its significance in the industry.
The funding round was led by Murali Joshi of Iconiq, who has also played pivotal roles in investments in notable companies such as Anthropic, Datadog, Drata, and 1Password, among others.
Prominent investors include notable figures such as 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. Quite an impressive lineup!
The enthusiasm around Outtake stems from its innovative approach to automating the traditionally manual task of detecting and eliminating digital identity fraud, which includes impersonation accounts, duplicitous domains, rogue applications, and deceptive advertisements. The challenge has become increasingly complex as fraudsters leverage technology to create more convincing and rapid attacks.
“We consistently heard buzz within our network about an AI-driven company that was tackling digital misrepresentation on a substantial scale. We had our doubts,” Joshi shared with TechCrunch. “In the past, the detection and removal process was predominantly reliant on human efforts, struggling to keep pace with the internet’s speed.”
However, after thorough examination of Outtake’s product and validation from its clients, the investors became convinced. “They have transformed a ‘human issue’ into a ‘software challenge,’” he stated. “Witnessing AI combat digital fraud instantaneously marks a transformative moment for brand security.”
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June 23, 2026
Dhillon credited his tenure at Palantir for attracting such noteworthy investors. “During my time on Palantir’s experimental product team, I worked closely with Shyam Sankar,” he recounted. “This exposure allowed me to connect with influential figures, including Stephens, who has held various roles in the company over the years. One introduction led to another, ultimately enabling these industry giants to invest.”
Among its clientele, Outtake lists OpenAI, Pershing Square, AppLovin, and various federal agencies. Furthermore, OpenAI showcased Outtake in July 2025 as a leading example of a startup anchored in innovative reasoning models.
According to the company, it has experienced substantial growth, boasting a sixfold increase in annual recurring revenue and a more than tenfold expansion in its customer base. Last year alone, Outtake’s systems analyzed 20 million potential cyber threats.
### Hustle Verdict
Our take is that Outtake’s successful funding marks a significant shift in the cybersecurity landscape. By leveraging automated solutions to combat digital identity fraud, the company is setting new standards for brand safety in the digital age. We believe this trend could revolutionize how organizations approach security and fraud prevention, shaping the future of tech investments in this space.

