Arnica, a software supply chain security startup, has raised USD 7 million in a seed funding round co-led by Joule Ventures and First Rays Venture Partners with participation from several angel investors.

The funds will be utilized to accelerate product development and expand its go-to-market teams.

In addition to this, Arnica also announced the general availability of its product.

Founded in 2021, Arnica leverages machine-learning algorithms and graph-based behavioral analysis to secure software supply chains. It monitors a developer's day-to-day behavior and identifies any nuances in their workflows to validate the authenticity of changes made to the code. This allows the platform to detect developer impersonators and prevent attackers from sending malicious codes to the codebase.

Analyst QuickTake: Similarly, Spyderbat, a startup that provides runtime security throughout the cloud-native software development lifecycle recently raised USD 10 million in Series A funding led by NTTVC. Last month, Ox Security, which is also a supply chain security startup, raised USD 34 million in a seed funding round co-led by Evolution Equity Partners, Team8, and Microsoft’s venture fund – M12.