The Israeli–American cyber security company NewCore is emerging from stealth mode and reporting the completion of a significant capital raising round of $66 million. The funding round for the company, which operates centers in Tel Aviv and San Francisco, was co–led by the funds Cyberstarts, Index Ventures, and Evolution Equity Partners. Alongside the funds, a line of prominent and well–known angel investors from the local high–tech industry also took part in the round, including Assaf Rappaport (co–founder and CEO of Wiz), Yevgeny Dibrov (co–founder and CEO of Armis), Ofer Ben-Noon (CTO at Palo Alto Networks, to which he sold Talon Cyber Security, and formerly co–founder of Argus), Ophir Erlich (co–founder and CEO of Eon), and Yotam Segev (co–founder and CEO of Cyera).

The company, founded in 2025, is led by three founders with rich experience in the technology and cyber market: Zohar Alon, who serves as the company's CEO and was formerly the founder and CEO of Dome9, which was acquired by Check Point; Amichai Shulman, founder of Nym and former senior security researcher in Unit 8200; and Erez Yarkoni, who previously served as CIO of telecom giants T–Mobile and Telstra. As of today, NewCore employs more than 50 employees spread across its offices in Israel and the United States.

The platform developed by NewCore is designed to solve one of the central vulnerabilities in the corporate information security world in recent years: Identity and access management. In the corporate world, these systems constitute the gateway through which employees, systems, and vendors gain access to tools and sensitive information, and their role is to verify the user's identity, determine which systems they are allowed to enter, and define what they are permitted to do in them. However, the field has become a major target for attackers; more and more cyber attacks currently begin from the exploitation of privileges, unmonitored access paths, or exploiting the innocence of users, which allows attackers to log into the organization under their name, rather than necessarily through a direct breach of servers.

This challenge intensifies with the entry of autonomous tools and AI (artificial intelligence) agents into routine work, which receive access to internal systems without the organization having full control over who is operating, on whose behalf, and to what data they are exposed. Contrary to the prevailing approach in the market, which advocates adding layers of defense on top of existing identity systems that were originally built without a security foundation, NewCore developed a new corporate identity platform where security forms an inseparable part of the infrastructure itself. The company's platform allows managing the permissions of employees, systems, and AI agents in one place, identifying excess permissions or unmanaged accounts, and revoking access to them when it is no longer required. The company leads a conception according to which identity management is a critical part of corporate security, and not just an operational need of IT departments.

According to Zohar Alon, co–founder and CEO of the company, "One of the central emphases in designing NewCore's platform is neutralizing the situation where the identity management system itself constitutes the point of failure in the corporate security array. In recent years, we have seen a significant increase in cases where it was precisely the identity system that constituted the weakest link in the organization's defense chain. NewCore's new architecture neutralizes the threat where one component becomes a central point of failure. We developed mechanisms that reduce to zero the risk inherent in key theft, malicious login, or privilege exploitation. In addition, the platform is designed to allow a gradual transition from old identification systems, without disrupting the activity of users or applications."

Lior Simon, a partner at Cyberstarts which led the seed investment in the company, said: "For years, the cyber world operated such that large systems were built first of all to work, and only afterward were more and more security layers added to them. This created a situation where organizations have one identity system, and another line of products trying to protect it. NewCore changes the starting point, and builds the identity system itself as if cyber experts were building it from day one, and with the technology and models that are possible today."

Simultaneously with emerging from the stealth period and reporting the fundraising round, NewCore is presenting its innovative platform this week in Las Vegas, as part of the Identiverse 2026 conference.