Arnica, an Atlanta, Georgia-based behavior-based software supply chain security solution, announced its product's general availability and $7 Million in seed funding.
The round was led by Joule Ventures and First Rays Venture Partners, with angel investment from industry leaders including Avi Shua, co-founder & CEO of Orca Security, Dror Davidoff, co-founder & CEO of Aqua Security and Baruch Sadogursky, Head of Developer Relations of Jfrog.
Arnica will use the funds to accelerate product development and scale its go-to-market teams.
"The golden rule when hardening developer environments is: Do not harm developer velocity," said Nir Valtman, Co-Founder and CEO of Arnica. "A developer's ability to rapidly and seamlessly make code changes and ship products to users has a direct impact on revenue, so getting in the way of that is a non-starter for organizations. We created a solution that not only protects but empowers developers, allowing them to continue working in their preferred manner — but within a safe environment. We believe that by learning how developers work, we can both protect the company's code and, at the same time, enable and support developers."
Arnica uses machine learning algorithms to identify the nuances of each developer's work and validates the authenticity of every change they make to the code.
Company: Arnica, Inc.
Raised: $7.0M
Round: Seed Round
Funding Month: October 2022
Lead Investors: Joule Ventures and First Rays Venture Partners
Additional Investors: Avi Shua, Dror Davidoff, and Baruch Sadogursky
Company Website: https://www.arnica.io/
Software Category: Supply Chain Security Platform
About the Company: Arnica is a behavior-based software supply chain security platform for DevOps. It employs machine learning algorithms to learn about developer behavior as they go about their daily tasks of coding and communicating with colleagues. Arnica proactively protects your software supply chain by automating the day-to-day security operations and empowering developers to own security without incurring risks or compromising velocity. Arnica helps Security & DevSecOps teams make software supply chain security and CI/CD security effective and easy. Developers can easily recover or request permissions through collaboration tools they are already using, like Slack or Teams. The platform also evaluates developer behavior and code to detect and prevent impersonators from pushing malicious code or accessing secrets. Underpinning these security controls is an ability to easily achieve and demonstrate compliance across industry and government-dictated compliance frameworks such as SOC2, SOX, FFIEC, and more.
Source: https://www.prnewswire.com/news-releases/arnica-raises-7m-to-secure-software-supply-chains-with-behavior-based-threat-detection-and-least-privilege-enablement-301658437.html