Cybersecurity startup NewCore emerged from stealth on June 15, 2026, with $66 million in seed funding led by Cyberstarts and participation from Index Ventures and Evolution Equity Partners [1]. The company aims to address identity authentication, governance, and control challenges posed by AI agents as they become digital employees within enterprises [1, 2].
NewCore’s platform manages identities of both humans and AI agents through a unified system featuring lifecycle controls, permissions governance, and revocation mechanisms [1, 2]. CEO Zohar Alon explained the need for a new approach, saying, "We know for sure that the scale and the complexity that those things [AI agents] are going to add to 15- or 20-year-old identity platforms are going to break them" [1].
Traditional identity systems built for humans are insufficient for handling the volume and complexity arising from AI agents, service accounts, and machine identities accessing sensitive company systems [1, 2]. NewCore seeks to mitigate these growing security risks with features such as identity discovery, anti-phishing authentication, hardware-bound credentials, and a split-key architecture [2].
The platform also supports AI development tools including Claude Code, Codex, and Cursor to enable verification and authorization workflows aligned with enterprise security frameworks [2]. Companies like Goldman Sachs and McKinsey have already integrated AI agents as digital coworkers at scale, increasing the urgency for enterprise-grade identity solutions [1].
NewCore was valued at $300 million after the seed round [1]. The company was founded by CEO Zohar Alon, CTO Amihai Neiderman, and CRO Erez Yarkoni, with the concept beginning in 2023 as the founders observed the limits of existing identity providers to manage AI agents [1].
