With $66M in funding, NewCore targets AI agent identity as the next enterprise security battleground

AI agent identity startup NewCore emerged from stealth on June 15, 2026 with $66 million in seed funding led by Cyberstarts, valuing the company at $300 million. The company aims to authenticate, govern, and control AI agents at scale as enterprises treat them more like employees than software tools.

McKinsey said earlier this year that 25,000 AI agents already work alongside its 60,000 human employees. Goldman Sachs last year tested the AI coding agent Devin as a new hire. NewCore CEO Zohar Alon, who previously founded cloud security startup Dome9 before its acquisition by Check Point, argues that legacy identity platforms designed 15 to 20 years ago cannot handle the complexity of autonomous software workers.

Governing digital workers with identity controls

NewCore treats AI agents as first-class identities with their own permissions, lifecycle controls, and revocation mechanisms, rather than treating them as traditional service accounts or machine credentials. The platform uses a split-key architecture that divides critical identity credentials between the customer and the platform, removing a single point of compromise. An Agentic Skill integration package lets coding assistants such as Anthropic’s Claude Code, OpenAI’s Codex, and Cursor access enterprise systems as managed identities.

• Raised $66 million seed round led by Cyberstarts with participation from Index Ventures and Evolution Equity Partners at a $300 million valuation.
• Co-founded by Zohar Alon (CEO), former Dome9 founder; Amihai Neiderman (CTO), former Unit 8200 research leader; and Erez Yarkoni (CCO), former CIO of T-Mobile USA and Telstra.
• Platform designed for a workforce mix of humans, machines, and AI agents in a single identity system.
• Uses a split-key architecture to prevent a single point of compromise for agent credentials.
• Currently deployed with fewer than 10 customers and more than 10 design partners; expects to start charging this summer.

Competing solutions address agent visibility and cost

The same day NewCore launched, Omada announced Omada Agent Governance, a solution to apply governance discipline to AI agents and non-human identities. Trust3 AI announced AgentDOS, an enterprise control plane that monitors AI agent activity, data access, and token consumption across platforms such as Databricks Agent Bricks and Microsoft Copilot Studio. Separately, research from TechRadar Pro showed that most businesses have been caught by unexpected high AI bills, underscoring the need for visibility and control.

Alon predicts AI agents could outnumber human employees at many technology organizations within a few years. TCS chairman N. Chandrasekaran recently echoed that view, saying AI agents could eventually rival his company’s workforce in size. “The question is whether we’re going to build the guardrails in time,” Alon said. NewCore aims to be that guardrail, offering a purpose-built identity platform before the wave of autonomous agents breaks enterprise security.