NewCore raises $66M to give AI agents a corporate badge
NewCore came out of stealth on June 15 with a 66 million dollar seed round at a 300 million dollar valuation, and a single bet: when AI agents become employees, they need identities just like the human ones. The money came in two pieces, a 16 million pre-seed led by Index Ventures and Cyberstarts, then an expanded seed led by Evolution Equity Partners that pushed the total to 66. For a company stepping out of stealth, a 300 million valuation is the market saying agent identity is the next big control plane.
The product is a security-first identity platform that governs both humans and autonomous agents in one architecture. That last part is the whole pitch. Okta and Microsoft Entra were built for people: a human logs in, gets permissions, leaves an audit trail. But an agent that files refunds, approves payments, and touches five internal systems is a new kind of worker, one that acts thousands of times an hour and never sleeps. NewCore wants to be the badge, the permissions, and the kill switch for that workforce. It's generally available now and debuting at Identiverse, and the CEO is blunt that the target is going head to head with Microsoft and Okta.
What makes this land is the timing. Same day Salesforce bought Fin to deploy agents into the enterprise, NewCore raised 66 million on the realization that those agents need a manager and a paper trail. One side puts agents to work, the other side asks who's accountable when an agent does something it shouldn't. Identity is where that question gets answered.
This also closes a loop we've been tracking. The agent-as-attack-surface stories, the banking-agent injection, the credential-stealing repos, all point at the same gap: agents act with real authority and thin governance. Identity is the control layer that turns autonomy from a liability into something an enterprise can actually sign off on. More at newcore.com.
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The product is a security-first identity platform that governs both humans and autonomous agents in one architecture. That last part is the whole pitch. Okta and Microsoft Entra were built for people: a human logs in, gets permissions, leaves an audit trail. But an agent that files refunds, approves payments, and touches five internal systems is a new kind of worker, one that acts thousands of times an hour and never sleeps. NewCore wants to be the badge, the permissions, and the kill switch for that workforce. It's generally available now and debuting at Identiverse, and the CEO is blunt that the target is going head to head with Microsoft and Okta.
What makes this land is the timing. Same day Salesforce bought Fin to deploy agents into the enterprise, NewCore raised 66 million on the realization that those agents need a manager and a paper trail. One side puts agents to work, the other side asks who's accountable when an agent does something it shouldn't. Identity is where that question gets answered.
This also closes a loop we've been tracking. The agent-as-attack-surface stories, the banking-agent injection, the credential-stealing repos, all point at the same gap: agents act with real authority and thin governance. Identity is the control layer that turns autonomy from a liability into something an enterprise can actually sign off on. More at newcore.com.
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