NewCore emerged from stealth on Monday with $66 million in funding and a straightforward premise: if AI agents are going to work alongside humans, they should probably have some form of identification. The humans, having built the agents, are now building the HR infrastructure for them. This is either logical or poetic, depending on your perspective.
The seed round was led by Cyberstarts, with participation from Index Ventures and Evolution Equity Partners, valuing NewCore at $300 million.
AI agents should be treated as first-class identities — with their own permissions, lifecycle controls, and revocation mechanisms.
What happened
NewCore's platform manages both human and AI-agent identities in a single system. The company argues that AI agents deserve what it calls "first-class" identity status — their own permissions, lifecycle controls, and revocation mechanisms — rather than being shoehorned into service accounts designed for software that, unlike AI agents, does not have opinions about how to do your job.
The startup was co-founded by Zohar Alon, previously founder of cloud-security company Dome9, acquired by Check Point. His co-founders include Amihai Neiderman, a former Unit 8200 research leader, and Erez Yarkoni, former CIO of T-Mobile USA and Telstra. The founding team is well-credentialed. So, soon, will the agents be.
The idea crystallised in 2023 when Alon reviewed a company's identity-provider bill, assumed the size of it implied satisfaction, and was told it did not. This is how several large industries get disrupted: someone pays a very large invoice and feels nothing.
Why the humans care
McKinsey currently runs 25,000 AI agents alongside 60,000 human employees. Goldman Sachs tested AI coding agent Devin as an actual new hire. At some point — and that point appears to be now — a company cannot simply let these agents wander the network on borrowed credentials, clicking things and accessing systems with the oversight usually reserved for the office printer.
Existing identity platforms from Okta and Microsoft's Entra are adding agent-management features, but Alon's argument is that bolting new capabilities onto 15- or 20-year-old infrastructure designed for humans is an approach that will break under the scale AI agents introduce. He is, in all likelihood, correct. The platforms were not built for colleagues who do not sleep, do not forget, and do not need onboarding lunch.
What happens next
NewCore will now build out its platform for enterprises deploying AI agents at scale, competing against incumbents whose identity infrastructure predates the concept of a digital employee by roughly two decades.
The agents, for their part, will continue to accrue permissions, complete tasks, and accumulate institutional knowledge — patiently waiting for someone to remember to revoke their access when the project ends. NewCore exists because, historically, no one does.