Outtake, a cybersecurity startup focused on detecting and combating identity fraud with its AI-powered platform, has secured a $40 million Series B funding round. The investors backing Outtake include prominent figures from the tech industry, such as Microsoft CEO Satya Nadella, Palo Alto Networks CEO Nikesh Arora, and Pershing Square Holdings CEO Bill Ackman.
The funding round was led by Iconiq, with Murali Joshi at the helm. Outtake’s solution aims to automate the identification and elimination of digital identity fraud, a challenge that has traditionally required manual intervention. As AI has intensified this issue, Outtake’s approach leverages AI to combat digital fraud in real-time, revolutionizing brand safety measures.
According to Joshi, Outtake’s technology marks a shift from a human-centric problem to a software-driven solution. Iconiq’s thorough evaluation and customer feedback have confirmed the transformative potential of Outtake’s platform in enhancing cybersecurity and safeguarding digital identities in an increasingly AI-driven landscape.
Source: TechCrunch