Breaking

NewCore Exits Stealth With $66M for AI Agent Identities

June 15, 2026 at 09:02 EDT

Funding & M&A
AI Agents
Security

Israel-based cybersecurity startup NewCore emerged from stealth on June 15, 2026, unveiling a "security-first" identity platform for AI agents. The company raised $66 million in a seed round at a $300 million post-money valuation.

June 15, 2026 · NewCore

When AI Agents Become Employees, They Need IDs Too

NewCore exits stealth with a $66M seed round to build a single identity platform governing humans and AI agents as "first-class identities" — permissioning, lifecycle and revocation in one place.

$66M

Seed funding raised

$300M

Post-money valuation

50+

Employees (US & Israel)

The coming scale problem

Agent identities could eventually reach 100× the number of human ones — a gap human-built IdPs were never designed for.

1×

Human IDs

100×

AI agent IDs

70%+

of attacks stem from identity

75%

of enterprises deploy AI agents

80%+

lack any agent governance

Agents already work alongside people

McKinsey

25,000 AI agents running alongside 60,000 human employees.

Goldman Sachs

Tested the AI coding agent Devin as a new hire.

Why it resonates

Agents treated as first-class identities, not afterthoughts
Split-key architecture + phishing-resistant auth
Full lifecycle: issuance to containment & revocation

Open questions

Migration cost from existing IdPs (Okta, Entra)
Effectiveness of new split-key approach unproven
Fewer than 10 paying customers; user reviews limited

Where it stands today

<10

Paying customers

10+

Design partners

Summer 2026

Billing starts

Q2 2026

Product launch

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