Arcade Secures $12M to Revolutionize AI Agent Infrastructure with Tool-Calling Platform
Arcade raises $12M to improve AI agent integration with a tool-calling platform.
Matilda
Arcade Secures $12M to Revolutionize AI Agent Infrastructure with Tool-Calling Platform
Arcade, an AI agent infrastructure startup founded by former Okta exec Alex Salazar and former Redis engineer Sam Partee, has raised $12 million from Laude Ventures. Image:Arcade Laude is the new fund launched in 2024 by Perplexity co-founder Andy Konwinski, the UC Berkeley computer scientist who also co-founded Databricks. This isn’t the only check Laude has cut. But it is the first publicly announced one, Laude co-founder and general partner Pete Sonsini said. Sonsini is well-known for his years at NEA, where he led early investments in Databricks, Anyscale, and Perplexity. As for Salazar, he’s a repeat founder. He landed at Okta after selling his authentication API startup, Stormpath, to the company in 2017. He spent the next few years at Okta as a VP building products. Partee, for his part, had been building LLM-based applications and contributing to some key open source projects like LangChain and LlamaIndex, according to Arcade. When Salazar saw the debut of ChatGPT 3.5, he saw the f…
