Cybersecurity startup NewCore emerged from stealth on June 15, 2026, announcing $66 million in funding to address what it sees as a growing gap in enterprise security: managing the identities of AI agents operating alongside human employees.
The seed round was led by Cyberstarts, with participation from Index Ventures and Evolution Equity Partners. The funding values NewCore at $300 million post-investment. The company has grown to more than 50 employees across the U.S. and Israel, currently serves fewer than 10 paying customers and more than 10 design partners, and expects to begin charging customers this summer.
NewCore was co-founded by CEO Zohar Alon, who previously founded cloud-security startup Dome9 before its acquisition by Check Point; CTO Amihai Neiderman, a former Unit 8200 research leader and founder of healthcare AI startup Nym Health; and Chief Commercial Officer Erez Yarkoni, former CIO of T-Mobile USA and Telstra.
The platform is designed to manage human and AI-agent identities within a single system, treating AI agents as distinct identities with their own permissions, lifecycle controls, and revocation mechanisms — rather than handling them as traditional service accounts. A “split-key” architecture divides critical identity credentials between the customer and the platform to eliminate a single point of compromise. NewCore also offers an integration package for AI coding tools including Anthropic’s Claude Code, OpenAI’s Codex, and Cursor, allowing those tools to access enterprise systems as managed identities. Employees can grant, review, and revoke agent access through a mobile app.
Alon argues that established identity providers such as Okta and Microsoft’s Entra have added AI-agent capabilities as extensions to platforms originally built for human users, whereas NewCore was built from the ground up for a mixed workforce. “The traditional vendors give you an agentic way to deal with identity, but it’s on the side — it’s not integrated,” he said.
The company’s founding premise reflects a broader shift in how enterprises are deploying AI. McKinsey said earlier this year that 25,000 AI agents already work alongside its 60,000 employees, and Goldman Sachs tested AI coding agent Devin as a new employee last year. Alon predicts AI agents could outnumber human employees at many technology-focused organizations within a few years, suggesting that identity infrastructure may be one of the first enterprise systems strained by that shift.
Source: TechCrunch