As AI Agents Become Employees, NewCore Emerges with $66M to Give Them Identities

Why It Matters

As enterprises embed AI agents alongside staff, robust identity and access management becomes a critical security frontier, and NewCore’s dedicated solution could set the standard for governing digital workers.

Key Takeaways

• NewCore raises $66M seed to secure AI agent identities
• AI agents projected to outnumber humans in tech firms soon
• Split-key architecture splits credentials between client and platform
• Platform treats agents as first‑class identities with revocation controls

Pulse Analysis

The rise of autonomous AI agents is reshaping the modern workforce, prompting companies to treat software bots as full‑time employees rather than peripheral tools. This shift creates a security gap: legacy identity and access management (IAM) systems were built for human credentials and struggle to scale to thousands of dynamic agents. Enterprises that fail to adapt risk credential sprawl, privilege creep, and exposure to sophisticated attacks, making AI‑centric IAM a pressing priority for CIOs and security officers.

NewCore’s platform tackles the problem by designing identity from the ground up for a hybrid workforce of humans, machines, and AI agents. Its split‑key architecture separates critical secrets between the customer and the service, eliminating a single point of compromise. The company also offers an "Agentic Skill" integration that converts coding assistants like Anthropic’s Claude Code and OpenAI’s Codex into managed identities, allowing secure, auditable access to enterprise resources. By providing a mobile app for real‑time grant, review, and revocation, NewCore adds a human oversight layer that traditional vendors such as Okta and Microsoft Entra have only retrofitted.

Backed by Cyberstarts, Index Ventures, and Evolution Equity Partners, NewCore’s $66 million seed round signals strong investor confidence in the emerging market for AI‑agent identity management. With a valuation of $300 million and early adoption by a handful of design partners, the startup is positioned to capture a niche before larger IAM players fully integrate AI capabilities. If AI agents indeed outnumber human staff in tech firms, as industry forecasts suggest, NewCore’s solution could become a foundational component of enterprise security stacks, shaping how organizations safeguard both people and code in the AI‑driven era.