Outtake lands $40M Series B to tackle surging identity abuse
New York-based cybersecurity startup Outtake has raised $40 million in Series B funding as enterprises grapple with a sharp rise in identity-based attacks across digital channels. The round was led by ICONIQ, with participation from CRV and S32, alongside a roster of prominent technology and security leaders investing as angels.
The company says the funding will be used to expand its engineering, product, and go-to-market teams, deepen platform capabilities, and support growing global demand for tools that can detect and disrupt identity threats that move quickly across platforms.
High-profile angel backers join the round
Among the angel investors are Satya Nadella, Nikesh Arora, Bill Ackman, Shyam Sankar, Trae Stephens, Bob McGrew, Guillermo Rauch, and John Donovan. The group reflects a mix of enterprise technology leadership, cybersecurity experience, and capital markets influence—an increasingly common combination in late-stage rounds for security platforms positioned as foundational infrastructure.
Murali Joshi, General Partner at ICONIQ, is joining Outtake’s board as part of the investment.
Why identity defence is becoming harder
Outtake is pitching itself into a market where identity abuse is escalating in both volume and complexity. According to figures cited by the company, in 2024 organisations reported a 703% increase in credential theft and a 250% jump in account takeovers. These incidents increasingly spread across multiple surfaces—social platforms, domains, apps, support channels, and other public-facing endpoints—making them difficult to contain with siloed tools.
Security teams, meanwhile, often rely on fragmented workflows that require manual triage and coordination across vendors. That can slow investigation and response, increasing the likelihood that impersonation campaigns, credential reuse, and account compromise propagate before takedowns are executed.
Outtake’s approach: one control layer for digital trust
Founded by Alex Dhillon, Outtake is built around the idea that digital trust should be managed through a single control layer rather than a patchwork of point solutions. The company’s platform is designed to give security teams one place to detect, investigate, and stop identity-based threats across an organisation’s digital presence.
Dhillon previously spent five years at Palantir, where he worked on early-stage engineering projects. The broader team includes alumni from SpaceX and Notion, the company said.
Rather than forcing analysts to chase alerts individually, Outtake claims it helps teams identify coordinated campaigns, prioritise the highest-risk incidents, and accelerate takedowns of impersonation and fraud. The platform is also positioned to surface threats that may be embedded in rich media and complex networks, including content in images and videos.
“Security teams are being asked to defend trust everywhere their organisation shows up online, while attackers move faster and operate across channels,” said Alex Dhillon, Founder and CEO of Outtake. “We built Outtake because point solutions can’t keep up with AI-driven deception. Enterprises are choosing a unified platform for digital trust, and this funding allows us to scale alongside customers as that shift accelerates.”
Growth metrics and customer list
Outtake said adoption among large organisations has accelerated over the past year, citing 6x year-over-year ARR growth, more than 10x ARR growth among enterprise customers, and 250%+ headcount growth—primarily across engineering, product, and go-to-market roles.
The company’s customer roster includes OpenAI, Pershing Square, Fortescue, AppLovin, and several federal agencies, according to the announcement.
Operationally, Outtake said that in 2025 it processed more than 17 million alerts, ran 4 million investigations, and achieved a median takedown time of 18 to 36 hours per confirmed threat—metrics intended to demonstrate the platform’s ability to handle scale while improving response speed.
Investor view: AI reshaping identity and trust
ICONIQ framed the investment around the idea that identity and trust are being redefined as generative AI lowers the cost of deception and increases the realism of impersonation. “At ICONIQ, we partner with founders building enduring platforms for some of the most critical challenges enterprises face,” said Murali Joshi, who is joining Outtake’s board. “Digital identity and trust are being fundamentally reshaped by AI, and we believe the team is ambitious and committed to addressing this problem.”
The funding positions Outtake to compete in a crowded identity security landscape by emphasizing consolidation—offering a unified system for detection, investigation, and takedown—at a time when enterprises are increasingly looking to reduce tooling sprawl while improving response times against fast-moving, cross-platform threats.
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