NewCore Raises $66M to Give AI Agents Secure Workplace Identities

NewCore has emerged from stealth with $66 million in funding to solve a new enterprise security problem: how companies should manage AI agents as they begin acting like digital employees.

The Tel Aviv and San Francisco-based startup is building an identity security platform for humans, machines and AI agents. Its goal is to help companies authenticate, govern and control AI agents before they become a major security risk inside enterprise systems.

The funding came from Cyberstarts, Index Ventures and Evolution Equity Partners, according to NewCore’s announcement.

The Deal Snapshot

AI Agents Enter the Workforce

AI agents are becoming more than simple chatbots. Companies are starting to use them to complete tasks, access software, make decisions, move data and work across business systems.

That creates a serious identity challenge.

Traditional identity tools were mainly built for human employees. They help companies manage who can log in, what apps a person can access and which permissions they should have. But AI agents are different. They can act automatically, operate at scale and sometimes perform tasks without constant human control.

NewCore wants to give these AI agents proper workplace identities so companies can track what they do, limit their access and shut them down if needed.

NewCore’s Security-First Platform

NewCore says its platform is built for the “agentic enterprise,” where workers are no longer only humans. The company says modern workforces now include people, machines and AI agents.

Its platform is designed to govern all of these identities under one system. That means businesses could manage an employee, a service account and an AI agent through the same security-first identity framework.

This could become important as more companies use AI agents in customer support, finance, engineering, sales, HR and IT operations.

The Founding Team

NewCore is led by cybersecurity and enterprise IT veterans.

Its leadership includes CEO Zohar Alon, CTO Amihai Neiderman and CRO Erez Yarkoni. The founding team has experience in cybersecurity, enterprise software and identity infrastructure.

NewCore’s announcement also notes that members of the team were previously involved in companies with exits including Check Point’s acquisition of Dome9.

This background gives the startup credibility in a market where trust and security are central to adoption.

Competition With Identity Giants

NewCore is entering a market already dominated by major identity and access management companies.

Large players such as Microsoft, Okta and CyberArk already help enterprises manage employee access, security permissions and identity governance. However, NewCore’s argument is that legacy identity systems were not built for the agentic AI era.

If companies start deploying thousands of AI agents, identity platforms may need new controls specifically designed for non-human workers.

That gives NewCore a clear market opportunity, but also puts it up against powerful competitors with existing enterprise relationships.

Enterprise Risk and Governance

AI agents can improve productivity, but they also introduce new risks.

An agent with too much access could expose sensitive data, trigger wrong actions or become a target for attackers. If companies do not know which agents are active inside their systems, they may lose control over internal workflows.

This is where identity governance becomes important. Businesses need to know which agents exist, what they are allowed to do and whether their actions match company policy.

NewCore is betting that agent identity will become a core part of AI governance.

Final Take

NewCore’s $66 million launch shows how quickly the AI agent market is creating new security needs.

As companies move from testing AI agents to using them in daily operations, identity control will become a serious business requirement. AI agents may act like employees, but they still need clear permissions, monitoring and governance.

NewCore is trying to become the platform that gives these agents a secure place inside the enterprise workforce.

If the company succeeds, AI agent identity could become one of the most important categories in enterprise cybersecurity.