Overview
- The company, which emerged from stealth Monday, raised $66 million in a seed round led by Cyberstarts with support from Index Ventures and Evolution Equity Partners at a reported $300 million valuation.
- NewCore was founded by Israeli cybersecurity veterans Zohar Alon, Amihai Neiderman, and Erez Yarkoni and has grown to about 50 employees while reporting fewer than 10 customers and more than 10 design partners.
- The startup says its Secure Split Key (SSK) design splits critical signing credentials between the customer and the platform to eliminate single points of compromise that enable attacks like Golden SAML, token replay, and session theft.
- Its product includes an 'Agentic Skill' package that lets coding assistants such as Claude Code, Codex, and Cursor act as managed identities and a mobile oversight flow for humans to grant, review, and revoke agent access; NewCore says it will begin charging customers this summer.
- The launch highlights a broader shift as firms treat AI agents as part of the workforce and incumbents like Okta and Microsoft/Entra retrofit agent features, but NewCore’s technical claims and commercial traction are company‑reported and await wider independent validation.