Outtake, which creates an agent-based cybersecurity platform to help businesses detect, investigate, and eliminate identity fraud, has raised a $40 million Series B round of funding.

While that might not seem like much given the big one amounts raised by some AI companiesthe names involved in this financing read like a tech industry who’s who.

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.

Angel investors 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. Whew!

The reason for the excitement? Outtake, founded in 2023 by a former Palantir engineer, Alex Dhillon, found a way to automate what is often a manual problem in spotting and removing digital identity posers: impersonation accounts, malicious domains impersonating companies, rogue apps, fraudulent ads, and more. This problem has become more difficult because AI has made attackers more convincing and faster in their efforts.

“We keep hearing whispers in our network about an AI company finally solving digital misrepresentation at scale. Honestly, we’re skeptical,” Joshi told TechCrunch. “Historically, detection and removal was (and to some extent still is) a manual, human-powered process that could not keep up with the speed of the internet.”

But when Iconiq looked at the product and did due diligence on customers, the investor became a believer, he said. “They turn a ‘human problem’ into a ‘software problem.’ Seeing AI rooting out digital frauds in real time is a game changer for brand safety,” he said.

Dhillon told TechCrunch that his experience at Palantir is the reason he’s landed so many great angels. “I worked directly for Shyam Sankar at Palantir when I was part of the experimental product team,” he explains. This led him to meet many of the powers that be at Palantir, both current and former, including Stephens, who worked there in the early years. (Stephens is also a VC for Peter Thiel’s Founders Fund.) One introduction led to another that led to moguls writing checks.

Outtake names of its customers OpenAI, Pershing Square, AppLovin, and federal agencies. OpenAI even profiled the company in July 2025 as an example of an agent startup built on its reasoning models.

The company says it has seen significant growth all around, with annual recurring revenue increasing sixfold year-on-year and its customer base growing more than tenfold. Last year alone, Outtake said, its systems scanned 20 million potential cyberattacks.