NewCore Secures $66 Million to Develop AI Agent Identity Platform

What's Happening? Cybersecurity startup NewCore has emerged from stealth mode with $66 million in funding to develop an identity security platform tailored for modern enterprises that include AI agents. The platform is designed to manage identities of humans, machines, and AI agents, treating AI age

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What is the story about?

What's Happening?

Cybersecurity startup NewCore has emerged from stealth mode with $66 million in funding to develop an identity security platform tailored for modern enterprises that include AI agents. The platform is designed to manage identities of humans, machines,

and AI agents, treating AI agents as distinct entities with their own lifecycle, trust score, and revocation process. The company aims to address the limitations of existing identity platforms, which were built for traditional human-centric environments and are ill-suited for the complexities introduced by AI agents. NewCore's platform is security-first, built to continuously discover and map identities, including shadow accounts and ungoverned agents, and can be deployed with zero downtime.

Why It's Important?

The rise of AI agents in the workforce presents new challenges for identity management systems, which are crucial for enterprise security. Traditional identity platforms, designed primarily for human employees, may not adequately handle the complexities introduced by AI agents. NewCore's approach to treating AI agents as first-class identities could set a new standard in the industry, potentially influencing how companies manage digital workers. This development is significant for businesses integrating AI into their operations, as it addresses a critical security gap and offers a more robust solution for managing AI agents alongside human employees.

What's Next?

NewCore plans to begin charging customers for its platform this summer, as it continues to expand its customer base and refine its offerings. The company is currently working with fewer than 10 customers and more than 10 design partners. As AI agents become more prevalent in the workforce, NewCore's platform could become an essential tool for companies looking to manage these digital workers effectively. The startup's growth and the adoption of its platform will be closely watched by industry stakeholders, as it could influence future developments in identity management and cybersecurity.