NewCore's $66M Identity Platform Targets Enterprise AI-Agent Management
Cybersecurity startup NewCore launches with $66M seed funding to build identity and governance systems for AI agents operating alongside human employees.
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The Identity Gap in AI-Agent Workforces
According to TechCrunch AI, NewCore launched on June 15 with a $66M seed round to address what the startup views as a critical gap: enterprises deploying AI agents lack purpose-built identity and governance infrastructure. The funding was led by cybersecurity-focused venture firm Cyberstarts, with participation from Index Ventures and Evolution Equity Partners, valuing NewCore at a $300M post-money valuation.
The market context is real. McKinsey reported earlier in 2026 that approximately 25,000 AI agents already work alongside the firm’s 60,000 employees—a ratio that underscores how quickly AI agents are shifting from tools to organizational participants. Goldman Sachs tested the AI coding agent Devin as a new employee, marking a visible shift in how enterprises conceptualize machine workers.
Why Legacy Identity Platforms Fall Short
NewCore CEO Zohar Alon, a founder of cloud-security startup Dome9 (later acquired by Check Point), argues that 15- to 20-year-old identity platforms—built for human workforces—cannot accommodate the scale and complexity of AI-agent deployments. According to TechCrunch, Alon told the publication: “The scale and the complexity that those things are going to add to 15- or 20-year-old identity platforms are going to break them.”
Established vendors including Okta and Microsoft Entra have begun layering AI-agent capabilities onto their existing systems. Alon’s thesis, however, is that extending human-centric platforms is fundamentally misaligned with the requirements of hybrid workforces. NewCore’s approach treats AI agents as first-class identities with dedicated permissions, lifecycle controls, and revocation mechanisms—not as service accounts or generic machine credentials.
The startup’s founding team brings relevant pedigree: Amihai Neiderman, CTO, is a former Unit 8200 research leader and founder of healthcare AI startup Nym Health; Chief Commercial Officer Erez Yarkoni previously served as CIO of T-Mobile USA and Telstra.
The Market Inflection Point
The idea crystallized for Alon in 2023 while reviewing a company’s identity-platform budget. He noted the vendor’s pricing was substantial yet the customer expressed dissatisfaction—a signal that the identity market, despite its incumbents, remained underpenetrated and ripe for disruption.
Why This Matters
As enterprises operationalize AI agents at scale—moving them from prototypes to production workforces—identity governance shifts from an optional security layer to a core operational requirement. Teams evaluating workforce-identity solutions will need to decide whether legacy platforms retrofitted for agents suffice or whether purpose-built systems like NewCore better match the security and lifecycle-management demands of hybrid human-machine organizations. NewCore’s $300M valuation and tier-one venture backing suggest investors see substantial market expansion here, particularly if the McKinsey benchmark of 25,000 concurrent agents becomes the norm rather than the exception across enterprises.
Frequently Asked Questions
What is NewCore's core product?
NewCore provides an identity and governance platform designed to manage both human employees and AI agents as first-class identities within a single system, with permissions, lifecycle controls, and revocation mechanisms.
Why not use existing identity platforms like Okta or Microsoft Entra?
According to NewCore CEO Zohar Alon, legacy identity platforms designed for human employees cannot handle the scale and complexity that AI agents will introduce; NewCore was built from the ground up for hybrid human-machine workforces.
Who are NewCore's co-founders?
CEO Zohar Alon (formerly founded Dome9, acquired by Check Point), CTO Amihai Neiderman (ex-Unit 8200, founded Nym Health), and Chief Commercial Officer Erez Yarkoni (former CIO of T-Mobile USA and Telstra).