NewCore emerged from stealth on June 15 with $66 million in seed funding at a reported $300 million valuation. The round was led by Cyberstarts, with Index Ventures and Evolution Equity Partners participating. The Tel Aviv-founded company — with operations in San Francisco — was started by cybersecurity veterans and Israeli intelligence alumni Zohar Alon (CEO), Amihai Neiderman (CTO), and Erez Yarkoni (CRO). Its pitch is to rebuild the workforce identity layer so that AI agents are issued first-class identities with their own lifecycle, trust scoring, and revocation path, rather than being smuggled into existing systems as service accounts.
The architectural argument is that the current identity stack — Active Directory, Entra, Okta — was designed around the assumption that the actor is a human with a stable role. Agents break that assumption: they are spawned in large numbers, they act on behalf of multiple humans, they need scoped credentials that expire on short windows, and they need to be audited at the granularity of individual tool calls. Bolting agent governance onto existing identity providers, NewCore argues, produces brittle privilege creep. The company says its platform ships with integrations for leading agent frameworks, including Claude Code, out of the box.
Agent identity is becoming one of the more crowded categories in enterprise AI infrastructure. Mastercard's Agent Pay launched earlier this month for machine-to-machine commerce; multiple Y Combinator batches now feature agent-authentication startups; and the major identity incumbents have all publicly signaled roadmap items. The fact that a seed-stage company can raise $66 million at a $300 million valuation against that backdrop tells you how seriously enterprise CISOs are taking the gap between current identity tooling and the agentic deployments their own developers are shipping.
For learners, the practical takeaway is that identity is becoming a core competency for anyone shipping agentic systems. If you are building with LLM agents — even small internal ones — start asking now: which credentials does this agent hold, how are they scoped, how are they rotated, and what audit trail exists if it does something unexpected? The answers will be a hiring filter for production agent roles within 12 months.