NewCore Secures $66M to Secure and Manage AI Agent Identities

Cybersecurity startup NewCore has officially exited stealth mode, announcing a $66 million seed funding round that values the company at $300 million. Led by Cyberstarts with participation from Index Ventures and Evolution Equity Partners, the capital will support the development of a specialized identity management platform designed to treat AI agents as autonomous employees rather than mere software tools. As organizations like McKinsey and Goldman Sachs integrate thousands of AI agents into their workflows, NewCore aims to replace outdated identity systems that were never architected to handle the unique security requirements of non-human workers.

Traditional identity providers, such as Okta or Microsoft’s Entra, were built primarily for human users, often treating AI agents as secondary service accounts or machine credentials. NewCore’s leadership, including CEO Zohar Alon—the founder of Dome9—argues that these legacy systems are ill-equipped for the scale and complexity of an AI-driven workforce. By building a platform from the ground up that treats AI agents as 'first-class citizens,' NewCore provides granular lifecycle management, specific permission controls, and robust revocation mechanisms that ensure digital workers operate within secure parameters.

The implications of this technology are significant for enterprise security. NewCore’s architecture includes a 'split-key' system to prevent single points of failure and offers integrations for popular coding assistants like Cursor and Claude Code. This allows companies to move away from manually distributed credentials, which are often vulnerable to exploitation. By providing a centralized dashboard for human oversight, NewCore enables organizations to grant, audit, and revoke access for AI agents in real-time. As businesses continue to scale their autonomous operations, NewCore’s approach represents a necessary evolution in cybersecurity, shifting the focus from protecting static accounts to managing the dynamic, agentic identities that define the future of work.