NewCore Ltd. raises $66M in Seed

NewCore Ltd., an agentic identity startup, has closed a $66 million seed funding round led by Cyberstarts. The proceeds will fuel the launch of its security-first identity platform tailored for both human and autonomous AI agents. The platform is designed to address the shortcomings of traditional identity systems which are not equipped to handle the dynamic requirements of millions of AI agents cohabiting enterprise environments with human users.

This funding marks a significant milestone for NewCore, which positions itself at the forefront of evolving identity security needs. The platform’s architecture integrates into existing IT infrastructure and is engineered to support the scale required by large enterprises, including scenarios where nonhuman identities might far exceed human ones. Central to the platform’s innovation are its Secure SplitKeys, which aim to eradicate vulnerabilities related to traditional authentication methods prone to attacks such as adversary-in-the-middle session theft and SAML token replay — risks exacerbated in environments with proliferating AI agents.

At the helm is Zohar Alon, founder and CEO of NewCore, well-versed in cloud security through his previous venture, Dome9 Security Ltd., acquired by Check Point Software Technologies in 2018. His leadership team includes CTO Amihai Neiderman, an AI and cybersecurity authority, and CRO Erez Yarkoni, a former executive at T-Mobile USA and Telstra Group Ltd. They have collectively steered NewCore toward building a robust platform that treats AI agents as first-class digital identities with individualized security protocols and governance mechanisms.

NewCore’s strategic focus on addressing current identity management challenges arises from the industry's shift towards AI-driven processes. It provides AI agents with distinct lifecycle management, trust scores, and revocation paths, diverging from the static service accounts traditional systems tend to employ. The introduction of the NewCore Agentic Skill enhances security compatibility for coding AI agents, enabling secure authentication and operation within enterprise networks.

This initiative unfolds against a backdrop of increasing cyber threats targeting identity infrastructures, as reported by industry analysts. As security becomes imperative for enterprises embracing AI, NewCore’s platform could set a standard for integrating AI agents securely within corporate trust frameworks. The platform is being unveiled at Identiverse 2026, where NewCore aims to further its influence in the identity management sector.

Looking ahead, the platform’s success will depend on adoption by large-scale enterprises and the addressing of any regulatory obstacles tied to identity security in AI applications. As the company seeks to expand its workforce beyond its current 50 employees in Tel Aviv and San Francisco, NewCore's trajectory will be closely watched by both investors and competitors looking for scalable identity solutions in the AI domain.