NewCore Raises $66 Million to Manage AI Agent Identities at $300 Million Valuation
Updated
Updated · TechCrunch · Jun 15
NewCore Raises $66 Million to Manage AI Agent Identities at $300 Million Valuation
3 articles · Updated · TechCrunch · Jun 15
Summary
$66 million in seed funding brought cybersecurity startup NewCore out of stealth, with Cyberstarts leading the round and the company valued at $300 million post-money.
NewCore is targeting a gap it says will widen as companies deploy AI agents at scale: existing identity platforms were built for human workers, not software agents needing permissions, oversight and revocation.
Its platform manages human and AI identities in one system, using split-key credential architecture and integrations for tools such as Claude Code, OpenAI Codex and Cursor to avoid manually shared credentials.
Fewer than 10 customers and more than 10 design partners are already using the product, and NewCore expects to start charging this summer as AI agents spread across enterprise workforces.
The bet rests on a broader shift already visible at companies like Goldman Sachs and McKinsey, where AI agents are increasingly treated as workplace participants rather than simple software tools.
Is a $66M startup the answer to governing rogue AI agents in a trillion-dollar industry?
As AI 'employees' are set to outnumber humans, who will hold the keys to their powerful digital identities?
NewCore Emerges with $66M to Tackle AI Agent Identity and Security Challenges
Overview
NewCore emerged from stealth on June 15, 2026, securing $66 million in seed funding and a $300 million valuation. This launch comes as enterprise environments experience a profound shift due to the rapid proliferation of AI agents, which are predicted to soon outnumber human employees in many technology-focused organizations. As a result, there is an urgent need for a new identity paradigm to address the unique challenges of the agentic era. Positioned at the forefront, NewCore aims to provide the foundational infrastructure needed to securely manage and govern this growing digital workforce.