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.

Arnica helps Security & DevSecOps teams make software supply chain security and CI/CD security effective and easy. Arnica's behavior-based permissions management solution ensures that developers' access is continuously evaluated and updated to least privilege without disrupting their workflow. 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.