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Arnica Raises $7 Million to Protect Software Developers, Code

Behavior-based threat detection startup Arnica has raised $7 million in a seed funding round led by Joule Ventures and First Rays Venture Partners, with participation from several angel investors.

Behavior-based threat detection startup Arnica has raised $7 million in a seed funding round led by Joule Ventures and First Rays Venture Partners, with participation from several angel investors.

Founded in August 2021, the Atlanta-based startup aims to secure the software supply chain by monitoring developers’ behavior to validate the authenticity of changes made to the code and identify attackers impersonating developers.

Arnica relies on machine learning and graph-based behavioral analysis to help organizations tackle anomalies and risks in their development ecosystem, to keep both code and developers protected.

Additionally, the company helps organizations manage permissions and implement a least-privileged approach, to minimize the impact of a potential breach. Arnica revokes unused privileges and provides self-service access management to allow developers to easily regain permissions when needed.

Arnica plans to use the funds to accelerate product development and expand its go-to-market teams.

“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 co-founder and CEO Nir Valtman said.

Related: Network Security Company Corsa Security Raises $10 Million

Related: Anonos Raises $50 Million for Data Privacy Platform

Related: OutThink Raises $10 Million for Human Risk Management Platform

Related: IronVest Emerges From Stealth Mode With $23 Million in Seed Funding

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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