NewCore emerged from stealth with a new identity platform designed for enterprises managing human users, machines, and AI agents, announcing $66 million in funding from Cyberstarts, Index Ventures, and Evolution Equity Partners.
The company was founded by cybersecurity veterans whose previous ventures include Dome9, which was acquired by Check Point. NewCore is led by co-founder and CEO Zohar Alon, co-founder and CTO Amihai Neiderman, and co-founder and Chief Commercial Officer Erez Yarkoni. The company has grown to more than 50 employees across the United States and Israel.
NewCore said it built its platform specifically for the “agentic era,” where AI agents increasingly operate alongside employees and require dynamic access to enterprise systems. According to the company, traditional identity platforms were built for an earlier generation of applications and are not designed to manage AI agents and modern workloads.
The company’s platform is designed to discover, secure, and govern human and agentic identities under a single architecture. Among its capabilities are Secure Split Key technology, which is intended to remove single points of compromise in identity infrastructure, AI agent lifecycle management, phishing-resistant authentication through VisualMFA, and continuous discovery of shadow accounts, orphaned credentials, and unmanaged agents.
NewCore also introduced what it describes as an agent-driven migration approach that allows customers to transition to the platform without disrupting existing federations and policies.
The platform is engineered to support environments in which AI agents may significantly outnumber human users. NewCore said its architecture focuses on eliminating identity-related risks rather than simply managing access.
The company plans to demonstrate the platform at Identiverse in Las Vegas from June 15 through June 18.
KEY QUOTES:
“Identity is broken, and yet it has become the control plane of the modern enterprise. We built NewCore for the workforce that actually exists today, one of humans, machines, and agents, and we built it security-first from day one. The goal isn’t to manage identity better. It’s to remove categories of risk that the industry and our customers have lived with for far too long.”
Zohar Alon, Co-founder and CEO of NewCore
“Yesterday’s identity platforms were built for a very different world. AI agents are changing the shape of the workforce, and that demands a new architecture, not another layer of patches. Zohar and his co-founders have rebuilt identity from the ground up for a world of humans, machines, and agents.”
Shardul Shah, Partner at Index Ventures
“What stands out about NewCore is that security isn’t a feature layer, it’s the foundation. Split-key architecture and phishing-resistant MFA at the platform level change the conversation CISOs can have about identity risk.”
Lawrence Pingree, Head of Data Security and AI Research at Software Analyst Cyber Research (SACR)
