NewCore raises $66M to manage identities for AI agents alongside human employees

NewCore, a cybersecurity startup, raised $66 million in seed funding on June 15, 2026, at a $300 million valuation. The round was led by Cyberstarts, with Index Ventures and Evolution Equity Partners participating. The company has fewer than ten active customers and more than ten design partners, with plans to begin charging customers in summer 2026.

NewCore builds identity infrastructure for AI agents. Traditional identity platforms — built over the past fifteen to twenty years for managing human employees — lack the mechanisms needed to provision, authenticate, and revoke access for AI agents at scale. As enterprises deploy dozens or hundreds of agents across their systems, each agent needs its own set of permissions, audit trails, and lifecycle controls. NewCore treats AI agents as first-class digital workers within enterprise identity systems, creating the same kind of access governance that human identity management tools provide for staff.

For product managers building or deploying AI agents inside enterprises, this signals an infrastructure layer that is becoming required rather than optional. Enterprise buyers are already asking how AI agents authenticate, what systems they can access, and how that access is revoked when no longer needed. Products that do not address these questions — through native controls or integration with emerging platforms like NewCore — will face friction in procurement and security reviews.

The funding also illustrates a broader pattern: as AI agents take on more operational roles alongside humans, the categories of enterprise software that must accommodate them expand beyond productivity and workflow tools. Identity, compliance, and governance systems are next. For PM teams defining their agent products’ enterprise readiness, security architecture is increasingly a first-class product requirement rather than an afterthought.