NewCore, a Tel Aviv and San Francisco-based identity security startup, emerged from stealth on Monday with $66 million in funding from Cyberstarts, Index Ventures, and Evolution Equity Partners, the company announced. The funding round values the company at $300 million, The Jerusalem Post has learned.

The company said its platform was built to secure workforce identity for enterprises now operating with humans, machines, and AI agents. NewCore is led by co-founder and CEO Zohar Alon, co-founder and CTO Amihai Neiderman, and co-founder and CRO Erez Yarkoni.

NewCore said enterprise identity systems were designed for an earlier era of employees logging into web applications and now face new pressure from AI agents that can require access to production systems within seconds. The company said its platform discovers, secures, and governs every identity in an enterprise, including human users, machine accounts, and agentic identities.

The platform includes Secure Split Key, which NewCore said is intended to reduce the risk of a single point of compromise in signing infrastructure, along with phishing-resistant authentication tools and hardware-bound credentials. It also treats AI agents as first-class identities with their own lifecycle, trust score, and revocation path, rather than as service accounts.

NewCore said its platform was engineered for enterprise environments where agentic identities may outnumber human ones by two orders of magnitude or more. The company said its goal is not only to manage access, but to reduce the volume of identity-related risk across the enterprise.

NewCore is entering a market where Israeli cybersecurity companies have continued to attract major investor backing. The Post reported that private funding for Israel’s cybersecurity sector in 2024 nearly doubled from 2023, while other Israeli-linked cybersecurity companies have raised capital to address AI-driven threats and enterprise security automation.

The launch follows several recent developments in Israeli cyber and AI security. Surf AI launched with $57 million for an AI-driven security operations platform, while Zafran Security raised $60 million for AI-native threat exposure management.

Growing attention has also focused on the management of identities and permissions for AI agents. The Post reported that Check Point acquired Israeli start-ups including Cyata, whose technology focuses on identity and permissions management for AI agents.

“Identity is broken, and yet it has become the control plane of the modern enterprise,” Alon said. “We built NewCore for the workforce that actually exists today, one of humans, machines, and agents, and we built it security-first from day one.”

Lior Simon, partner at Cyberstarts, said NewCore was built from a different starting point than earlier enterprise systems. “NewCore changes the starting point, building the identity system itself as if cybersecurity experts had designed it from day one, using the technology and models that are possible today,” Simon said.

NewCore said it is available to enterprise customers today and will demonstrate the platform at Identiverse in Las Vegas from June 15 to 18.