What company made the first color arcade game?

The first color arcade game is generally considered to be "Computer Space" made by Nutting Associates in 1971.

While it's not a full-blown color game, it featured a red spaceship on a black and white background, making it the first arcade game to utilize color.

It's important to note that "Computer Space" was not a commercial success. It was a challenging game that wasn't well-received by the public. However, it paved the way for future color arcade games, which became incredibly popular in the 1970s and 80s.