NewCore, a cybersecurity startup focused on AI agent identity management, has emerged from stealth with $66 million in seed funding, valuing the company at $300 million. The round was led by Cyberstarts, with participation from Index Ventures and Evolution Equity Partners.
The company was co-founded by Zohar Alon, who previously founded cloud-security startup Dome9 before its acquisition by Check Point, alongside CTO Amihai Neiderman, a former Unit 8200 research leader and founder of healthcare AI startup Nym Health, and CCO Erez Yarkoni, who previously served as CIO of T-Mobile USA and Telstra. Alon argued that existing identity platforms, some as much as two decades old, were built for human employees and are fundamentally ill-suited to managing AI agents at enterprise scale.
NewCore’s platform treats AI agents as first-class identities with their own permissions, lifecycle controls, and revocation mechanisms, rather than routing them through traditional service accounts. The company employs a split-key architecture that divides critical credentials between the customer and the platform to eliminate a single point of compromise. It also offers an Agentic Skill integration package compatible with Anthropic’s Claude Code, OpenAI’s Codex, and Cursor, enabling those tools to access enterprise systems as managed identities.
With more than 50 employees across the U.S. and Israel, NewCore expects to begin charging customers this summer. Alon predicted AI agents could outnumber human employees at many technology organisations within a few years, making identity infrastructure one of the first enterprise systems to face serious strain.
