NewCore, an identity-management startup, announced a $66 million seed financing on June 15, 2026. The round was led by Cyberstarts with participation from Index Ventures and Evolution Equity Partners.

NewCore emerged from stealth on June 15, 2026, announcing a $66 million seed round intended to fund a security-first identity platform for the “agentic era,” which includes humans, machines, and AI agents operating within enterprises [2][3]. The company is incorporated in Tel Aviv, Israel, and maintains a secondary office in San Francisco, United States [2][4].

The financing was led by Cyberstarts, an early-stage venture firm focused on cybersecurity, with co-investments from Index Ventures and Evolution Equity Partners [1][2][4]. Co-founder Zohar Alon, previously known for founding cloud-security company Dome9, heads the founding team [4]. The seed round, described by the company as one of the largest early-stage bets on identity security for the agentic era, will be used to develop technology that mitigates supply-chain risks across modern enterprise identity stacks [1][3].

Company and Funding Overview

NewCore positions its platform as a “security-first” solution that governs identities for three distinct classes of entities: human users, software-based machines, and autonomous AI agents [2][3]. The company states that the platform is built from the ground up to address the “workforce that actually exists today,” reflecting the growing prevalence of AI-driven processes in corporate environments [2][4].

The $66 million seed round is notable for its size relative to typical early-stage cybersecurity investments. According to industry reporting, seed rounds in the sector rarely exceed $30 million, making NewCore’s financing among the most substantial for a pre-product startup [1]. The capital will support product development, talent acquisition in both Israel and the United States, and go-to-market activities targeting large enterprises that must manage complex identity ecosystems [3].

The capital will support product development, talent acquisition in both Israel and the United States, and go-to-market activities targeting large enterprises that must manage complex identity ecosystems [3].

Investor Participation and Funding Details

Cyberstarts acted as the lead investor, contributing a portion of the $66 million and coordinating the participation of Index Ventures and Evolution Equity Partners [1][2]. Index Ventures, a global venture firm with a history of backing enterprise software, committed to the round as part of its broader strategy to support AI-enabled security solutions [1][4]. Evolution Equity Partners, a growth-stage investor, joined to expand its exposure to identity-centric cybersecurity startups [1].

The round is classified as a seed financing, but the valuation disclosed by NewCore places the company at approximately $300 million post-money [4]. The funding terms, including any preferred-stock provisions, were not disclosed in the public announcements [2][3]. No other investors were reported as participating, and the company indicated that the round is fully closed as of the announcement date [2].

Strategic Focus and Technology

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NewCore’s platform aims to eliminate “prominent supply-chain risks” that arise from fragmented identity management across hardware, software, and AI services [3]. The technology leverages zero-trust principles, continuous authentication, and policy-driven access controls to secure interactions between humans, machines, and AI agents [2][4]. According to the company’s press release, the solution integrates with existing enterprise directories, cloud service providers, and AI model orchestration tools, providing a unified identity fabric [2].

The company’s roadmap includes the rollout of a developer-friendly API, automated credential rotation for machine identities, and AI-driven risk scoring for autonomous agents [3]. By addressing identity lifecycle management for non-human actors, NewCore seeks to fill a gap identified by cybersecurity analysts as a growing attack surface in AI-heavy environments [1].

Impact on Enterprises and Cybersecurity Landscape

Enterprises that deploy AI models, robotic process automation, or IoT devices will encounter a broader set of identity objects to protect. NewCore’s platform offers a consolidated approach that can reduce the administrative overhead of managing separate credential stores and policies [2][3]. For security teams, the solution promises visibility into agent-level activities, enabling faster detection of anomalous behavior that could indicate compromise [4].

The funding enables NewCore to accelerate product availability, potentially influencing market dynamics among established identity-management vendors that have traditionally focused on human users [1]. Organizations evaluating identity governance may consider NewCore’s offering as part of a broader zero-trust strategy, especially where AI agents are integrated into critical business processes [3]. The immediate effect for readers—students of cybersecurity, educators, and professionals—is the emergence of a new category of identity solutions that will likely be incorporated into curricula and training programs within the next academic year [4].

Key Facts

Strategic Focus and Technology NewCore’s platform aims to eliminate “prominent supply-chain risks” that arise from fragmented identity management across hardware, software, and AI services [3].

What: NewCore raised $66 million to develop a security-first identity platform for humans, machines, and AI agents.

When: Funding announced June 15, 2026.

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Impact: Provides enterprises with tools to manage and secure an expanded workforce identity surface, influencing current cybersecurity practices and education.