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March 19, 2025 - Deals
Arcade Secures $12 Million Investment From Laude Ventures To Enhance AI Agent Infrastructure
Arcade, an AI agent infrastructure startup founded in February 2024 by former Okta exec Alex Salazar and former Redis engineer Sam Partee, has raised $12 million from Laude Ventures, the new fund launched in 2024 by Perplexity co-founder Andy Konwinski. Arcade initially aimed to build a site reliability agent but pivoted to creating a tool-calling platform that helps AI agents securely access apps and data with the same privileges as the workers they assist. The platform integrates with OAuth and manages secure token authentication. This is the first publicly announced investment by Laude, with co-founder and general partner Pete Sonsini expressing confidence in Arcade’s infrastructure focus.
INVESTORS: Laude Ventures & Pete Sonsini
AMOUNT: $12,000,000
HQ: #SanFrancisco #California
#VentureCapital #Arcade #LaudeVentures #PeteSonsini #AlexSalazar #SamPartee #TradedVC
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Businesses Increase AI Spending As Anthropic Leads Adoption At 43.5%Ramp’s latest AI Index shows businesses are continuing to increase AI spending despite rising pressure from cheaper and open-source models. In July, the top 1% of businesses spent a median $7,400 per employee on AI, compared with $650 for the top 10% and $11.95 for the median firm, while Anthropic led business adoption at 43.5%, ahead of OpenAI at 39.7%.
#VentureCapital #Ramp #TradedVC