As companies increasingly integrate AI agents as digital workers alongside human employees, NewCore emerges from stealth with $66 million to build identity management systems tailored for AI agents, addressing critical enterprise security gaps.
- NewCore secured $66 million seed funding, valuing it at $300 million
- Platform manages AI and human identities jointly with enhanced security
- Targets a growing need as AI agents become workforce participants
What happened
NewCore, a cybersecurity startup focused on AI agent identity management, emerged from stealth mode after raising $66 million in a seed funding round led by Cyberstarts, with additional support from Index Ventures and Evolution Equity Partners. The funding places NewCore’s valuation at $300 million and underscores strong investor interest in securing the evolving AI workforce within enterprises.
The company’s technology aims to support organizations as they adopt AI agents as integrated workforce members rather than traditional software tools. NewCore’s solution enables companies to manage AI agents with explicit identity, permission, and lifecycle controls, addressing weaknesses in legacy identity platforms that were originally designed only for human employees.
Why it matters
As enterprises increasingly deploy AI agents to augment or replace certain human tasks, managing access, permissions, and security for these digital employees becomes critical. Existing identity solutions, designed for human-centric workflows, do not adequately scale or adapt to this hybrid workforce, creating potential security vulnerabilities.
NewCore’s innovation lies in treating AI agents as first-class identities with individual life cycles and control mechanisms rather than as generic machine accounts. This shift is essential to prevent identity compromise and to provide necessary human oversight as AI agents autonomously interact with enterprise systems and data.
What to watch next
NewCore plans to start charging customers for its service this summer, having already onboarded several customers and design partners. Key developments to monitor include the adoption rate among tech companies integrating AI agents, and how NewCore’s approach influences or competes with incumbent identity service providers like Okta and Microsoft’s Entra.
Additionally, watch for how NewCore’s technology integrates with popular AI coding assistants and other enterprise AI tools, and whether its split-key security architecture successfully mitigates risks inherent to managing autonomous software identities. The broader AI workforce trend could reshape enterprise identity and access management strategies over the coming years.