AI Agent Security Startups Raise $98M: Closing Governance Gap

New funding rounds signal a shift in enterprise AI. Two companies, Convey and Arcade, recently raised a combined $98 million. This investment targets a key challenge: getting AI agents safely into live systems. Arcade.dev secured $60 million to build authorization infrastructure, making AI agent deployment safer. Just two days later, Convey announced $38 million to develop AI "teammates" for back-office tasks. What's happening here is a focus on the "governance gap." Researchers and analysts say this gap, not model performance, is enterprise AI's biggest bottleneck. A survey found that while over 80% of technical teams are testing AI agents, only 14.4% deploy them with full security approval. This matters because without proper security and auditability, many promising AI projects are blocked or fail to deliver measurable returns.