Cybersecurity startup NewCore has launched from stealth with a $66 million seed funding round to address identity security in the age of AI. The company is introducing a platform built to manage and secure a modern workforce of humans, machines, and AI agents. The round was led by Cyberstarts, with participation from Index Ventures and Evolution Equity Partners, valuing the company at $300 million.
Addressing the New Identity Perimeter
The company argues that identity has become the primary attack surface for modern enterprises. Recent high-profile breaches at companies like MGM and Change Healthcare highlight a common vulnerability in their security. These incidents stem from identity infrastructure that was designed for a much simpler, human-centric era of work.
The corporate landscape is rapidly evolving into an "agentic enterprise" where AI agents operate alongside human employees. Companies like McKinsey already utilize tens of thousands of agents, treating them as integral parts of the workforce. This fundamental shift requires a new identity architecture that can manage these digital workers at scale and securely.
A Security-First Architecture
NewCore offers a single platform designed to discover, secure, and govern every identity, whether human or agentic. It was engineered from the ground up with a security-first mindset to eliminate entire categories of risk. The platform's goal is to proactively reduce exposure rather than simply manage access permissions for users and systems.
A key innovation is its Secure Split Key architecture, which removes the single point of failure in common authentication protocols. This design directly counters the attack vectors behind some of the largest recent identity breaches. The platform also incorporates phishing-resistant technologies like VisualMFA and hardware-bound credentials to further enhance security.
The platform uniquely treats AI agents as first-class identities with their own lifecycle, trust scoring, and revocation paths. This is a departure from treating them as simple service accounts, which offers limited governance. NewCore also provides an "Agentic Skill" package to securely integrate leading coding agents into enterprise environments.
Experienced Leadership and Market Vision
The company is led by a team of seasoned industry veterans with a track record of success. CEO Zohar Alon previously founded Dome9, which was acquired by Check Point. He is joined by CTO Amihai Neiderman, a former Unit 8200 leader, and CCO Erez Yarkoni, a former CIO at T-Mobile.
Investor confidence in this vision is high, reflected in the significant seed funding and $300 million valuation. Shardul Shah, a partner at Index Ventures, noted that the changing shape of the workforce demands a new architecture, not just patches. NewCore's approach of rebuilding identity from its foundation has attracted significant early backing from top-tier firms.
CEO Zohar Alon believes that legacy identity platforms are destined to break under the complexity of AI agents. He contends that the market has become stagnant, creating a critical need for innovation. NewCore aims to build the necessary guardrails in time to secure the inevitable integration of AI into the workforce.
NewCore's emergence from stealth marks a pivotal moment for enterprise identity management and cybersecurity. With substantial funding and a veteran leadership team, the company is poised to address the critical security gaps in the agentic era. Its platform, now available to enterprise customers, offers a forward-looking solution for securing the blended workforce of today and tomorrow.