Alex Dillon, CEO and Founder of Outtake
Provided by: Abiola Familucci
Alex Dillon spent about five years Palantir before departing to found cybersecurity startup Outtake. Now, his former boss is helping fuel the growth of his new company, with an investor list that includes: microsoft CEO Satya Nadella.
Outtake, whose clients include OpenAI and Bill Ackman’s Pershing Square, has raised $40 million in new funding, the company announced Wednesday.
Founded in 2023, the startup uses autonomous artificial intelligence agents to help businesses detect and quickly remove cyber threats such as phishing through a variety of applications, including email verification.
“We’re moving towards a world of constant security,” Dillon said in an interview. “We need agent technology solutions like Outtake to protect our neighborhoods.”
The funding round was led by venture firm Iconiq, with participation from CRV, S32, and angel investor Nadella. palo alto networks CEO Nikesh Arora, Anduril co-founder Trey Stevens, and Ackman. Palantir Head of Technology Shyam Sankar is also an angel investor in the company and contributed to the latest round.
Mr. Dillon declined to give a valuation, but said the 35-employee company had annual recurring revenue up about six times from a year ago and that its systems scanned 20 million potential cyberattacks last year. Outtake also said its corporate customers grew more than 10 times year over year.
Dillon said AI is increasing the sophistication and speed of cyber threats and that his company is building a “layer of trust for the internet.”
H/O: Outtake CEO and Founder Alex Dhillon and team
Provided by: Abiola Familucci
Iconic general partner Murali Joshi, who will join Outtake’s board of directors, said the company’s growth rate, strong customer feedback and market opportunity were among the reasons the company made the investment.
“From a product perspective, what they’ve built is fundamentally differentiated compared to everything else on the market,” Joshi told CNBC.
Outtake’s technology is used to App Labinfederal agencies, luxury retail brands, popular AI labs, and more. Dhillon, who worked on Palantir’s AI platform, said the company plans to use some of the funding to expand its go-to-market team, including engineering and product.
“We need agents to man the walls because we’re getting hammered on a daily basis,” Dillon said. “Frankly, that’s what’s both thrilling and scary about our universe, and that’s where the opportunity lies.”
Outtake previously raised $16.5 million in a CRV-led Series A funding round and $3.5 million in a seed round in April.
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