NewCore Raises $66M to Build the Next-Gen Employee Identity Platform for the AI Era

A startup focused on rebuilding employee identity systems for the "agent era" has officially stepped out of stealth mode. NewCore announced it has raised $66 million in funding, led jointly by Cyberstarts, Index Ventures, and Evolution Equity Partners, with the company now valued at $300 million. NewCore is headquartered in Tel Aviv, Israel, and San Francisco, USA. Its founding team members come from successful cybersecurity and enterprise IT ventures, including Check Point's acquisition of Dome9.

NewCore's core product is a security-first identity platform designed for the modern workforce that includes human employees, machines, and AI agents. Built from the ground up, the platform unifies identity and access management for both humans and AI agents — including issuing identities to AI agents, defining their access scope, and logging their actions. The company has made it clear that it intends to compete directly with established identity management giants like Microsoft and Okta, arguing that traditional identity solutions cannot effectively address the new challenges posed by AI agents.

As enterprises increasingly treat AI agents as "digital employees," the need for identity governance and secure access control has never been more urgent. NewCore's emergence offers a security framework designed from scratch for this emerging field. Whether it can break the existing stronghold of Microsoft and Okta will depend on enterprises' willingness to completely overhaul their identity infrastructure for the AI era. Still, NewCore's massive seed round signals strong confidence from the capital market in this direction.