AI agent authorization startup Arcade nabs $60M investment
Arcade AI Inc., the developer of an authorization platform for artificial intelligence agents, today announced that it has raised $60 million in funding.
SYN Ventures led the Series A round. It was joined by Morgan Stanley and Wipro Ltd., a publicly traded technology consulting firm.
The process of giving an AI agent access to a business application comprises two steps. The first step verifies that the agent has permission to use the program. The second step, which is known as authorization, defines the specific application features that the agent may use. Arcade has developed a platform that simplifies the latter workflow for enterprises.
The company was founded in 2024 by Chief Executive Officer Alex Salazar and Chief Technology Officer Sam Partee, who previously held senior product roles at Oka Inc. and Redis Inc., respectively. Today’s funding round was preceded by a $12 million seed raise last year.
