Arcade raises $60M to secure AI agent access

Business Wire reports that Arcade closed a $60 million Series A led by SYN Ventures, with strategic participation from Morgan Stanley and Wipro. Business Wire also reports that the company raised a $12 million seed in 2025, bringing total disclosed funding to $72 million. Business Wire quotes CEO Alex Salazar saying, "Agents don't fail in production because the model is wrong, they fail because nobody can prove that for any given action by an agent, whether that agent on behalf of that user can perform that action on that resource. That's what we built." The Wall Street Journal first reported the round as an exclusive; SiliconANGLE and PYMNTS provided additional coverage. Arcade co-founders Salazar and CTO Sam Partee are drawn from identity and data teams at Okta, Redis, MongoDB, Snowflake, and Airbyte, per Business Wire.

SiliconANGLE reports Arcade provides an authorization layer for AI agents that integrates with enterprise identity providers and uses the OAuth 2.0 protocol to manage access via tokens. SiliconANGLE reports the platform can update agent permissions when IdP records change, and that Arcade encrypts tokens before sending them to storage as a control to reduce compromise risk. Business Wire states Arcade authored an MCP authorization specification adopted by Anthropic and reports the platform provides three capabilities: fine-grained authorization tied to user permissions, reliability through purpose-built agent tools (over 8,000 MCP tools, per Business Wire), and a complete governance audit trail.

Business Wire reports Arcade is running in production at "a top US bank," Prosus, and LangChain, and that tool call volume is up 25x in six months - figures Arcade released as part of the funding announcement and not independently verified.

Business Wire describes three constraints that block enterprise agents from reaching production: fine-grained authorization, reliability of tool integrations, and governance auditability for security teams. Jay Leek, Managing Partner at SYN Ventures and board director at Arcade, is quoted in the release: "Every serious enterprise agent deployment is going to run through them." Morgan Stanley's Head of Strategic Investments, Zheng Wang, is also quoted: "As enterprises increasingly utilize AI agents across their operations, Arcade has developed the infrastructure to help ensure proper authorization and governance."

Practitioners and security teams may want to follow public documentation of the MCP authorization specification and interoperability with major IdPs and agent frameworks, as well as any independent third-party security assessments that provide external validation of the platform's production scale claims.