NewCore raises $66M to authenticate and govern AI agents as enterprise identities
NewCore launches from stealth with $66 million to authenticate, govern and control AI agents at scale, offering identity-first tools for enterprise workers.
NewCore raises $66 million to secure AI agents
NewCore emerged from stealth with $66 million in seed funding, saying it will provide identity and governance controls for AI agents as they join enterprise workforces. The startup was valued at $300 million after the round, which was led by Cyberstarts with participation from Index Ventures and Evolution Equity Partners. NewCore positions its product to authenticate, authorize and revoke access for software workers the same way companies manage human employees.
Founders and company background
The company was founded by CEO Zohar Alon, CTO Amihai Neiderman and CRO Erez Yarkoni, executives with histories in cloud security, military-grade research and large telecom operations. Alon previously built cloud-security businesses and helped lead a startup acquisition, while Neiderman comes from Unit 8200 research and health-tech ventures, and Yarkoni served as CIO at major carriers. NewCore has grown to more than 50 staff across the United States and Israel as it prepares for commercial rollout.
Market demand for identity-first agent controls
NewCore’s launch responds to a rapid shift in how enterprises treat AI agents, with companies increasingly treating them as active participants rather than passive tools. Large firms have already begun piloting or deploying coding and assistant agents at scale, and consulting firms report tens of thousands of agents operating alongside human staff. NewCore argues that existing identity platforms, designed primarily for humans, will be strained as agent populations expand.
Platform design and core capabilities
The startup’s platform combines human and agent identities in a single system so each AI agent can receive distinct permissions, lifecycle controls and revocation mechanisms. NewCore describes agents as first-class identities rather than service accounts, enabling more granular access policies and audit trails. The company says this model allows organizations to track who — or what — accessed resources and to remove access swiftly if an agent behaves unexpectedly.
Technical safeguards and integrations
A key technical feature is a split-key architecture that separates critical credentials between the customer and NewCore to reduce single points of compromise. The company also offers an “Agentic Skill” integration package that connects popular coding assistants and developer tools to enterprise systems as managed identities instead of embedding shared credentials. Employees can use a mobile app to grant, review and revoke agent access, introducing a human oversight layer for autonomous processes.
Competition and positioning against incumbent identity vendors
Established identity vendors including Okta and Microsoft’s Entra have announced agent-related capabilities, but NewCore contends those offerings are extensions of platforms built for human users. The startup’s pitch is that a ground-up approach yields tighter lifecycle management and authority controls for software workers. Investors backing the seed round appear to view that specialization as a differentiator in a market where identity is central to security and compliance.
Early adoption, partners and commercial plans
NewCore says it is already deployed with fewer than ten paying customers and works with more than ten design partners as it finalizes features. The company plans to begin charging for the platform in the coming months and to expand its commercial footprint in both the U.S. and Israel. Customers to date span technology-focused organizations that expect AI agents to multiply quickly, and NewCore is positioning its tooling as an early guardrail for those deployments.
Broader implications for enterprise security
The emergence of startups focused on agent identity reflects a broader industry concern that traditional enterprise systems were not designed to handle large populations of autonomous software. NewCore’s founders warn that identity systems could become one of the earliest points of failure as agents proliferate, and they emphasize controls that make it easy to authorize, monitor and revoke agent privileges. If agent counts scale as some industry leaders expect, identity and governance will likely become higher priorities for boards and security teams alike.
NewCore’s bet is that enterprises will treat AI agents as workers that require the same level of identity hygiene, oversight and lifecycle controls as human staff. The company’s initial funding and early customer program give it runway to refine its architecture while competitors evolve, and its founders say the pace of adoption will determine how quickly these identity-first practices become standard.
