Arcade.dev Raises $60M Series A to Be the 'Secure Action Layer' Governing What Production AI Agents Can Do

SiliconANGLE·medium signal

Arcade closed a $60M Series A led by SYN Ventures with strategic checks from Morgan Stanley and Wipro (totaling $72M raised), building the authorization layer that decides what actions a production agent is allowed to take. The team authored the MCP authorization spec and comes from the identity/data/integration teams behind Okta, Redis, MongoDB, Snowflake, and Airbyte, positioning Arcade as the permissions control plane for agent actions across the Fortune 500. It landed the same day as NewCore's $66M agent-identity raise — a clear signal that VCs are now funding the 'what can the agent touch' layer as its own category, distinct from the models themselves.