NewCore, a Tel Aviv and US-based security-first identity platform, has raised $66M in seed funding from Cyberstarts, Index Ventures, and Evolution Equity Partners at a $300M valuation. The platform secures, enables, and governs both human and AI agent identities under a single architecture using Secure Split Key technology that eliminates single points of compromise. The capital supports scaling enterprise deployments for organizations managing hybrid human-AI workforces.
Identity Security Becomes AI Battleground
The timing aligns with rapid AI agent adoption in enterprises. ConductorOne raised $79M Series B in October 2025, while Veza secured a ~$1B acquisition by ServiceNow in December 2025. NewCore differentiates by rebuilding identity infrastructure from the ground up rather than layering agent capabilities onto legacy systems.
Legacy Systems Fail AI Agent Scale
Enterprises face an identity governance crisis as AI agents outnumber humans 100:1. Enterprise IAM spending reached $16.9B in 2025, yet 80% of organizations deploying AI agents lack governance frameworks. Legacy platforms like Okta and Microsoft Entra ID were built for IT provisioning, not security, leaving them vulnerable to attacks that now represent 70% of breaches rooted in identity compromise.
Security Architecture Eliminates Compromise Points
NewCore built its platform with Secure Split Key architecture that splits signing credentials between the vendor and customer perimeter, preventing Golden SAML and supply-chain attacks. It treats AI agents as first-class identities with task-scoped tokens, lifecycle management, and machine-speed policy enforcement. Visual MFA uses image-based authentication to resist phishing and social engineering.
As CEO Zohar Alon noted:
"We know for sure that the scale and the complexity that those things [AI agents] are going to add to 15- or 20-year-old identity platforms are going to break them."
Mission Capital Signals Sector Conviction
The round combines a $16M pre-seed and $50M expanded seed backed by cybersecurity-focused investors including angels from Wiz, Armis, and Cyera. This syndicate signals strong validation for a security-first approach over incremental improvements to existing identity providers.
Agentic AI Security Market Accelerates
The broader IAM market stands at $25.3-26.8B in 2026 with the agentic AI security sub-segment at $1.65B and growing at 42% CAGR toward $13.52B by 2032. Palo Alto Networks completed its $25B acquisition of CyberArk in February 2026, highlighting identity security as a consolidation target. NewCore positions itself against incumbents by enabling migrations in hours rather than months through AI-powered coexistence.
Elite Cybersecurity Team Drives Execution
Co-founders Zohar Alon (sold Dome9 to Check Point), Amihai Neiderman (Unit 8200 research leader and Nym Health founder), and Erez Yarkoni (former CIO of T-Mobile USA and Telstra) bring a rare combination of successful exits, intelligence expertise, and enterprise operational experience.