NewCore Raises $66M to Give AI Agents Digital Identities
Cybersecurity startup NewCore emerges with $66 million in funding, aiming to manage AI agents as if they were human employees.
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Cybersecurity startup NewCore has emerged from stealth with a $66 million seed round of funding. The investment, led by cybersecurity-focused venture firm Cyberstarts and joined by Index Ventures and Evolution Equity Partners, values the company at $300 million.
The rise of AI agents in corporate environments is driving NewCore's mission to provide a robust identity management solution for these digital workers. As companies increasingly treat AI as a full participant in their operations, NewCore aims to solve one of the biggest challenges: how to authenticate, govern, and control them at scale.
NewCore’s platform is designed to manage both human and AI-agent identities in a single system. Co-founder Zohar Alon believes that identity systems have become one of the weakest links in enterprise security, especially as more complex digital workers are added to the mix. His vision is for NewCore to be at the forefront of this new landscape.
Alon co-founded the company with Amihai Neiderman and Erez Yarkoni. The team brings extensive experience from cloud-security startup Dome9 (acquired by Check Point) and healthcare AI firm Nym Health, respectively. Their platform uses a 'split-key' architecture to divide critical identity credentials between the customer and the platform, enhancing security without compromising access.
NewCore also offers an ‘Agentic Skill’ integration package designed for coding assistants like Anthropic’s Claude Code, OpenAI’s Codex, and Cursor, allowing them to access enterprise systems as managed identities. This approach provides a human oversight layer, enabling employees to grant, review, and revoke access for AI agents.
The startup has grown to over 50 employees across the U.S. and Israel, with fewer than 10 customers currently using their platform. Alon predicts that within a few years, AI agents could outnumber human employees at many technology-focused organizations. He envisions companies needing new ways to monitor, authorize, and revoke software workers operating across their networks.
