NewCore emerges from stealth with $66M to rebuild workforce identity for the agentic era
The AMW Read
Novelty 2: introduces a new player addressing agentic identity, a known gap but emerging category. Significance 2: enterprise security for AI agents is segment-defining but unproven at scale.
NewCore emerges from stealth with $66M to rebuild workforce identity for the agentic era
NewCore, a Tel Aviv and San Francisco-based cybersecurity startup, exited stealth today with $66 million in funding from Cyberstarts, Index Ventures, and Evolution Equity Partners. The company has built a security-first identity platform designed from the ground up to manage both human and AI agent identities across the enterprise. Its founders are experienced cybersecurity entrepreneurs: Zohar Alon (CEO) previously founded Dome9 (acquired by Check Point), Amihai Neiderman (CTO) founded Nym Health and is a former Unit 8200 researcher, and Erez Yarkoni (CCO) served as CIO at T-Mobile and Telstra. The platform introduces Secure Split Key technology to eliminate single points of compromise in SAML/OIDC infrastructure, VisualMFA for out-of-band authentication, and an Agentic Skill integration package that allows coding agents like Claude Code, Codex, and Cursor to operate as first-class identities with their own lifecycles and revocation paths.
Why it matters: NewCore is addressing a structural gap at the intersection of enterprise security and the AI agent explosion. The dominant identity platforms (Okta, Microsoft Entra ID, Ping Identity) were built for a world where only humans logged in — they were never architected to govern identities that spin up in seconds, operate autonomously, and require fine-grained, revocable access to production systems. This funding round signals that sophisticated cybersecurity investors see agentic identity as a new attack surface that cannot be solved by bolt-ons to legacy identity stacks. The emergence of a purpose-built identity platform for AI agents mirrors the earlier pattern of cloud-era security startups (Zscaler, CrowdStrike) that built zero-trust architectures from scratch rather than retrofitting perimeter defenses.
Expert take: NewCore's challenge is twofold: proving that enterprises will rip out established identity platforms (or run them in parallel) for a startup, and demonstrating that its agent governance model is genuinely hardened against novel threats like model prompt injection or tool-use hijacking that legacy protocols never anticipated. The $66 million round at Series A/B stage is substantial but not transformative — it buys time to land early design-in customers and build the reference architecture. The company's strongest signal is its integration with Claude Code, Codex, and Cursor: by shipping an off-the-shelf agentic identity package for the most widely-used coding agents, NewCore is positioning itself as the defaults layer for how enterprises let AI agents touch production infrastructure. Whether this becomes a standalone platform category or an acquisition target for Okta/Microsoft remains the open question.
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