As AI agents become employees, NewCore emerges with $66M to give them identities

“We know for sure that the scale and the complexity that those things are going to add to 15- or 20-year-old identity platforms are going to break them,” he told TechCrunch.

Alon co-founded NewCore with chief technology officer Amihai Neiderman (pictured above, right), a former Unit 8200 research leader and founder of healthcare AI startup Nym Health, and Chief commercial officer Erez Yarkoni (pictured above, left), who previously served as CIO of T-Mobile USA and Telstra.

NewCore’s platform is designed to manage both human and AI-agent identities in a single system. The startup says AI agents should be treated as first-class identities with their own permissions, lifecycle controls, and revocation mechanisms, rather than as traditional service accounts or machine credentials.

The idea for NewCore, Alon said, began taking shape in 2023 while helping review the technology budget of a company that relied on an established identity provider. After seeing the size of the bill, he assumed the customer must be satisfied with the product.

“I said, ‘You must be extremely happy with them,'” Alon recalled. “He said, ‘No, I’m not.'”

The exchange reinforced Alon’s belief that identity had become a large but stagnant market dominated by vendors facing limited competitive pressure.

Established identity providers including Okta and Microsoft’s Entra have begun adding capabilities for AI agents. However, Alon argues those efforts extend platforms originally designed for human employees, whereas NewCore was built from the ground up for a workforce made up of humans, machines, and AI agents.

“The traditional vendors give you an agentic way to deal with identity, but it’s on the side — it’s not integrated,” Alon said. As one example, NewCore uses what it calls a “split-key” architecture that divides critical identity credentials between the customer and the platform, an approach designed to eliminate a single point of compromise.

NewCore also offers an “Agentic Skill” integration package for coding assistants such as Anthropic’s Claude Code, OpenAI’s Codex and Cursor that allows those AI tools to access enterprise systems as managed identities rather than through manually distributed credentials. Employees can also use NewCore’s mobile app to grant, review and revoke access for AI agents, providing what Alon described as a human oversight layer as companies deploy more autonomous systems.

The startup has grown to more than 50 employees across the U.S. and Israel. Alon said the platform is being used by fewer than 10 customers and more than 10 design partners. The startup expects to begin charging customers this summer, he added.

Alon predicts AI agents could outnumber human employees at many technology-focused organizations within a few years, a view recently echoed by TCS Chairman N. Chandrasekaran, who has said AI agents could eventually rival the Indian IT services company’s workforce in size.

Identity, Alon said, is likely to become one of the first enterprise systems strained by large-scale deployment of AI agents, arguing that companies will eventually need new ways to monitor, authorize, and revoke software workers operating across their networks.

“It’s inevitable,” Alon said of AI agents becoming a significant part of the workforce. “The question is whether we’re going to build the guardrails in time.”