NewCore Emerges from Stealth with $66 Million to Provide Identity Management for AI Agents

Cybersecurity startup NewCore has emerged from stealth with $66 million in funding to provide identity management for the growing workforce of AI agents. Valued at $300 million, the company argues that existing platforms are ill-suited for AI, which it treats as first-class "digital workers." The launch comes as firms like McKinsey already deploy tens of thousands of AI agents alongside human employees.

NewCore funding round

• ▪NewCore's seed funding round was led by venture firm Cyberstarts, with participation from Index Ventures and Evolution Equity Partners.
• ▪The startup has grown to more than 50 employees across the U.S. and Israel.
• ▪Cybersecurity startup NewCore emerged from stealth with $66 million in funding on June 15, 2026.
• ▪The $66 million investment values NewCore at $300 million.

AI agent identity management

• ▪NewCore aims to solve the challenge of authenticating, governing, and controlling AI agents at scale.
• ▪CEO Zohar Alon believes existing identity platforms, which are 15-20 years old, will be broken by the scale and complexity of AI agents.
• ▪The platform treats AI agents as first-class identities with their own permissions and life cycle controls, distinct from traditional service accounts.
• ▪NewCore's platform is designed to manage both human and AI-agent identities in a single system.

Founder background

• ▪CEO Zohar Alon previously founded cloud-security startup Dome9, which was acquired by Check Point.
• ▪CTO Amihai Neiderman is a former Unit 8200 research leader and founder of healthcare AI startup Nym Health.
• ▪NewCore was co-founded by CEO Zohar Alon, CTO Amihai Neiderman, and CCO Erez Yarkoni.
• ▪CCO Erez Yarkoni previously served as CIO of T-Mobile USA and Telstra.

Platform architecture

• ▪A mobile app from NewCore allows human employees to grant, review, and revoke access for AI agents.
• ▪NewCore's platform uses a "split-key" architecture that divides identity credentials between the customer and the platform to prevent a single point of compromise.
• ▪The platform offers an "Agentic Skill" integration for coding assistants such as Anthropic’s Claude Code, OpenAI’s Codex, and Cursor.

Customer traction

• ▪NewCore expects to begin charging customers in the summer of 2026.
• ▪NewCore's platform is being used by fewer than 10 customers and more than 10 design partners.

Workforce transformation predictions

• ▪McKinsey stated in early 2026 that 25,000 AI agents work alongside its 60,000 human employees.
• ▪NewCore CEO Zohar Alon predicts AI agents could outnumber human employees at many technology-focused organizations within a few years.
• ▪Companies are increasingly treating AI agents as workplace participants, with Goldman Sachs testing AI agent Devin and McKinsey deploying 25,000 agents.

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