NewCore Secures $66M to Solve the Identity Crisis of AI Agents

As AI agents transition from simple software tools to active digital employees, a massive security vacuum is opening in the enterprise. NewCore has emerged from stealth with $66 million in funding to build the identity infrastructure necessary to govern, authenticate, and control this new autonomous workforce.

The Shift from Software Tools to Digital Employees

The enterprise landscape is undergoing a fundamental shift in how it perceives artificial intelligence. We are moving past the era of simple chatbots into an era of "agentic" workflows. Companies like Goldman Sachs have already tested AI coding agents like Devin, and McKinsey reports that 25,000 AI agents are currently working alongside its 60,000 human employees.

This influx of autonomous software creates a critical security bottleneck. Traditional identity platforms—many of which are 15 to 20 years old—were built to manage human logins. As AI agents begin to operate independently, executing tasks and accessing sensitive data, they cannot be treated as mere service accounts or machine credentials. They require "first-class identities" with their own permissions, lifecycles, and revocation mechanisms.

Why Legacy Identity Providers are Failing

While industry giants like Okta and Microsoft (with Entra) are attempting to add AI-compatible features, NewCore argues these are reactionary, "side-car" additions to platforms designed for humans. NewCore’s approach is different: it is built from the ground up for a hybrid workforce of humans, machines, and AI agents.

To solve the problem of centralized vulnerability, NewCore utilizes a "split-key" architecture. This technical approach divides critical identity credentials between the customer and the platform, ensuring that no single point of compromise can grant an attacker full control over an agent's identity. This level of granular, distributed security is essential as agents gain more autonomy.

Integration with the Modern AI Stack

NewCore is specifically targeting the tools developers use every day. The platform offers an "Agentic Skill" integration package designed for high-utility coding assistants, including:

Rather than employees manually distributing credentials—a practice that is both insecure and unscalable—NewCore allows these AI tools to access enterprise systems as managed identities. Furthermore, the platform provides a human oversight layer via a mobile app, allowing employees to grant, review, and revoke agent permissions in real-time.

The Future of the Automated Workforce

The scale of this transition is massive. With a $300 million valuation following a seed round led by Cyberstarts, NewCore is betting that AI agents will eventually outnumber human employees in tech-focused organizations. As the workforce becomes increasingly populated by software workers, the ability to monitor, authorize, and revoke their access will become the most critical guardrail in enterprise cybersecurity.

Key Takeaways