NewCore Raises $66M to Manage AI Agents as Enterprise Employees

NewCore bets on AI agents as the new workforce

A cybersecurity startup called NewCore has emerged from stealth with $66 million in seed funding to address what it sees as an imminent enterprise challenge: managing AI agents as if they were employees rather than software tools.

The round was led by Cyberstarts, with Index Ventures and Evolution Equity Partners participating. The investment values NewCore at $300 million post-money.

NewCore's premise is straightforward. As companies deploy AI agents at scale—McKinsey reported 25,000 AI agents working alongside its 60,000 human employees earlier this year, and Goldman Sachs tested the coding agent Devin as a new hire—existing identity platforms designed for human workers will buckle under the complexity.

Why it matters

Identity and access management has become a massive enterprise category, but it was built for human employees with predictable access patterns. AI agents operate differently: they may need to authenticate thousands of times per day, access multiple systems simultaneously, and require rapid provisioning and revocation. If NewCore's thesis is correct, companies deploying agents at scale will need infrastructure purpose-built for mixed human-machine workforces—not retrofitted legacy systems.

Built for machines, not retrofitted for them

Co-founder and CEO Zohar Alon, who previously founded cloud security company Dome9 before its acquisition by Check Point, argues that established identity providers like Okta and Microsoft Entra are extending platforms originally designed for humans. NewCore, by contrast, was built from the ground up to treat AI agents as first-class identities with their own permissions, lifecycle controls, and revocation mechanisms.

Alon co-founded the company with CTO Amihai Neiderman, a former Unit 8200 research leader who also founded healthcare AI startup Nym Health, and Chief Commercial Officer Erez Yarkoni, previously CIO at T-Mobile USA and Telstra.

The platform uses what NewCore calls a "split-key" architecture, dividing critical identity credentials between the customer and the platform to eliminate single points of compromise. It also offers integrations for coding assistants like Anthropic's Claude Code, OpenAI's Codex, and Cursor, allowing those tools to access enterprise systems as managed identities rather than through manually distributed credentials.

Employees can use NewCore's mobile app to grant, review, and revoke access for AI agents, providing a human oversight layer as autonomous systems proliferate.

Early traction and timeline

NewCore has grown to more than 50 employees across the U.S. and Israel. The company currently works with fewer than 10 paying customers and more than 10 design partners, and plans to begin charging customers this summer.

Alon predicts AI agents could outnumber human employees at many technology-focused organizations within a few years—a view echoed by TCS Chairman N. Chandrasekaran, who suggested AI agents could eventually rival his company's workforce in size.

The details were first reported by TechCrunch.