Key facts
- NewCore has raised $66 million in seed funding to develop a platform for managing AI agent identities.
- The platform aims to authenticate, govern, and control AI agents at scale.
- NewCore's system will manage both human and AI identities in a unified platform.
- The company was valued at $300 million after the investment round.
- The funding round was led by Cyberstarts, with participation from Index Ventures and Evolution Equity Partners.
Cybersecurity startup NewCore has emerged from stealth mode, announcing $66 million in seed funding to address the growing need for managing artificial intelligence agents as they become integrated into the workplace. The company's platform is designed to provide authentication, governance, and control for AI agents, treating them as first-class identities with distinct permissions and lifecycle management, similar to human employees.
The funding round was led by Cyberstarts, with contributions from Index Ventures and Evolution Equity Partners, valuing NewCore at $300 million post-investment. Co-founder and CEO Zohar Alon, who previously founded Dome9, believes existing identity platforms are ill-equipped to handle the scale and complexity of AI agents, which he predicts will soon outnumber human employees in many tech organizations.
NewCore's platform aims to consolidate management of both human and AI identities into a single system. It offers features such as granular permissions, revocation mechanisms, and integrations with coding assistants like Anthropic's Claude Code and OpenAI's Codex. The startup plans to begin charging customers this summer.