The investment round, led by Cyberstarts with participation from Index Ventures and Evolution Equity Partners, arrives as firms like Goldman Sachs and McKinsey experiment with AI-driven labor. NewCore CEO Zohar Alon argues that legacy identity platforms, some decades old, are structurally incapable of handling the scale and complexity of non-human workers. By treating AI agents as first-class identities with specific lifecycle controls, NewCore seeks to replace the current reliance on static machine credentials.
In section Startups & Technology
NewCore Raises $66M to Manage the Growing Workforce of AI Agents
As corporations integrate autonomous AI into their daily operations, cybersecurity startup NewCore has secured $66 million in seed funding to provide a unified identity management system. Valued at $300 million, the company aims to secure the digital identities of AI agents that function increasingly like human employees.
Co-founded by Alon, CTO Amihai Neiderman, and CCO Erez Yarkoni, the startup employs a split-key architecture to prevent single points of failure. The platform features an Agentic Skill integration for coding assistants such as Anthropic’s Claude Code and OpenAI’s Codex, allowing these tools to access enterprise systems through managed identities. With over 50 employees across the U.S. and Israel, NewCore is currently onboarding design partners and expects to move to a commercial model this summer.
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