Outtake, a cybersecurity startup founded in 2023 by Alex Dhillon, has successfully raised $40 million in a Series B funding round. With its acquisition of Pipl, the company seeks to offer enterprises an intuitive platform purpose-built to prevent, investigate, and eradicate identity fraud. The funding round attracted high-profile investors including tech leaders like Satya Nadella and Bill Ackman, making it a notable event in the cybersecurity landscape.
Dhillon, who’s previously worked as an engineer at Palantir, started Outtake with an ambitious plan. His vision is to automate the process of identifying and removing digital identity impostors. The cybersecurity-as-a-platform company has developed the first and only agentic cybersecurity platform. It does this by effectively fighting different forms of digital fraud, including impersonation accounts, malicious domains, rogue applications, and fraudulent advertisements.
In the last year, Outtake’s systems monitored a jaw-dropping 20 million possible cyberattacks. This remarkable achievement is a testament to their commitment and skill in addressing the sharp increase in digital dangers. The startup’s technology has garnered attention from significant clients such as OpenAI, Pershing Square, AppLovin, and several federal agencies, indicating its growing influence in the sector.
Outtake’s ARR has increased six times year-over-year, and its customer base has grown over ten times. This remarkable growth is graphic evidence that the demand for effective cybersecurity solutions is exploding. In our new reality, threats to digital identity are becoming more prevalent.
Dhillon now attributes much of his success to the massive tech network he developed during his time at Palantir. There, he played a key role working alongside industry veterans like Shyam Sankar.
“I worked directly for Shyam Sankar at Palantir when I was part of the experimental product team,” – Alex Dhillon.
The recent funding round has been characterized as a “who’s who” of the tech industry, highlighting the confidence investors have in Outtake’s potential. Murali Joshi, a fellow investor, talked about his early hesitation and concern with the company’s radical new strategy to discover digital misrepresentation.
“We kept hearing whispers in our network about an AI company that was finally solving digital misrepresentation at scale. Honestly, we were skeptical,” – Murali Joshi.
According to Joshi, the innovation Outtake offers is transformative for brand safety:
“They’ve turned a ‘human problem’ into a ‘software problem.’ Seeing AI take down digital frauds in real time is a game-changer for brand safety,” – Murali Joshi.
Outtake’s technology completely changes a cumbersome, complex, administrative and labor-intensive process. It now better fits with the ever-accelerating, high-tech, high-speed world of the internet. This remarkable evolution in cybersecurity highlights the company’s dedication to leveraging artificial intelligence to protect people and their digital identities with unprecedented effectiveness.
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