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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