NewCore launches security-first identities for AI agents after closing $66M seed funding round
Agentic identity startup NewCore Ltd. said today it’s launching its security-focused platform for artificial intelligence agents after raising a massive seed funding round of $66 million.
The company says it has built a comprehensive “security-first identity platform” that’s able to secure and govern both humans and autonomous AI agents within a single, highly scalable architecture that’s easy to deploy atop of existing information technology systems. That’s sorely needed, the startup argues, because existing identity systems are ill-equipped to deal with the realities of a world where millions of AI agents are working alongside humans across thousands of enterprises that have adopted them.
Identity has become a primary attack vector given the inefficiencies of existing infrastructure, which was never designed to support autonomous agents.
According to NewCore founder and Chief Executive Zohar Alon, the business world has changed dramatically in the last couple of years, with AI agents being spun up in seconds and requiring fine-grained and revocable access to production systems. It has proved to be extremely problematic, he said. Most existing identity offerings were built exclusively for human users and leverage protocols such as the Security Assertion Markup Language, static service accounts and password-derived session tokens that were never designed to be used by agents.
