AI security startup raises $40M from Iconiq, Satya Nadella, Bill Ackman and other big names.

Outtake, which creates a cybersecurity platform to help businesses detect, investigate and eliminate fraud, has raised $40 million in Series B funding.

Although it may not sound like much because it is big counting some AI companies are raisingThe names involved in this investment are similar to the technology companies that are.

The round was led by ICONIQ’s Murali Joshi, who led the company’s investments in companies such as Anthropic, Datadog, Drata, 1Password, among 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 VP of OpenAI Bob McGrew; Vercel CEO Guillermo Rauch, and former AT&T CEO John Donovan. Wow!

Because of happiness? Outtake, founded in 2023 by former Palantir engineer Alex Dhillon, has found a way to transform what has become a major challenge in tracking and removing digital identities: user accounts, malicious domains posing as companies, fraudulent software, deceptive advertising, and more. This problem has increased as AI has made attackers more efficient and effective in their work.

“We kept hearing whispers in our network about an AI company that finally solved digital fraud on a large scale. To be honest, we were skeptical,” Joshi told TechCrunch. “Historically, detection and abstraction was (and still is) a form of social mobilization that could not keep up with the speed of the Internet.”

But once Iconiq looked at the product and did due diligence with customers, the investor became a believer, he said. “They’ve turned a ‘human problem’ into a ‘software problem.’ Seeing AI rooting out digital fraud in real time is revolutionizing brand security,” he said.

Names found among its clients include OpenAI, Pershing Square, AppLovin, and government agencies. OpenAI although he showed the company in July, 2025 as an example of a technology startup built on his ideas.

The company says it has seen significant growth all round, with annual recurring revenue increasing sixfold year-on-year and its customer base growing tenfold. Last year alone, Outtake says, its system analyzed 20 million potential online transactions.