Mintz represented SYN Ventures, a leading cybersecurity-focused venture capital firm, as lead investor in a $60 million Series A financing in Arcade, a company building the secure action layer for production AI agents.

Arcade addresses a critical gap in enterprise AI adoption: determining which actions AI agents are permitted to take, on whose behalf, and across which systems. As enterprises increasingly integrate AI into core business operations, solutions like Arcade’s are becoming essential to ensuring security, auditability, and control.

The transaction reflects the emergence of a new category at the intersection of artificial intelligence and cybersecurity: AI agent security and authorization infrastructure. It also signals a broader evolution in enterprise technology, where AI is no longer a standalone innovation but a cross-functional business, risk, and governance priority.

"Every wave of enterprise software has eventually hit the same wall, where adoption outruns the infrastructure that makes it safe. Agents are at that wall right now. Arcade is the only company we've seen that built for the production reality from day one, which is why every serious enterprise agent deployment is going to run through them," said Jay Leek, Arcade Board Director & Managing Partner at SYN Ventures.

“This investment reflects a broader shift in enterprise AI, where security and governance have become the primary barriers to scale,” said Sam Effron, lead Mintz partner on the fundraise. “Arcade is enabling enterprises to securely operationalize AI agents and move from pilot to production.”

Mintz is proud to represent SYN Ventures across multiple investments and portfolio companies, spanning cybersecurity infrastructure, enterprise platforms, and emerging technologies, including AI.

The Mintz team was led by Sam Effron with support from Edwin Diaz and Daniel DeWolf.

Read Arcade’s press release here.

About Mintz
Mintz is a leading 600+ attorney law firm with deep experience in the technology, cybersecurity, and artificial intelligence sectors. We work with leading emerging companies from concept to exit and leading venture capital firms with respect to investments and fund formation.  Mintz also advises investors and innovators in mergers and acquisitions, private equity financings, and high-growth transactions, and counsel emerging as well as established and public companies in all aspects of their businesses, including regulatory compliance, IP, data privacy, and cybersecurity.