Cybersecurity Startup NewCore Raises $66 Mn in Round

NewCore is led by a team of experienced cybersecurity and enterprise IT experts. Some of the founders previously built Dome9, a cloud security company that was later acquired by Check Point Software Technologies.

Identity systems have become one of the biggest targets for cyberattacks in businesses today. Major security breaches in recent years—including those involving MGM Resorts International, Change Healthcare, and customers of Snowflake—have a common problem.

Many companies still rely on identity and access management systems that were built years ago for a workforce made up mostly of people. These older systems were not designed to handle today's environment, where employees, machines, cloud services, and AI agents all need secure access. As a result, they have become easier targets for cybercriminals.

“Investors understand that we can go all the way here. We don’t want to be a target for a quick exit, and the funds support that,” says Zohar Alon, co-founder and CEO of NewCore, in a conversation with the media. “At the current pace, we have enough capital to ensure four years of operational runway. We are a different kind of company, our goal is to go head-to-head with giants like Microsoft and Okta.”

"Yesterday's identity platforms were built for a very different world. AI agents are changing the shape of the workforce, and that demands a new architecture, not another layer of patches. Zohar and his co-founders have rebuilt identity from the ground up for a world of humans, machines, and agents." Shardul Shah, Partner, Index Ventures

Instead of adding more security tools on top of outdated identity systems, NewCore built a completely new identity platform with security at its core.

The platform helps companies manage employees, machines, systems, and AI agents from a single place while reducing unnecessary access permissions and removing weak points that attackers can target.

According to the company, its technology greatly lowers the risk of stolen credentials and unauthorized logins. It also allows businesses to move from older identity systems to the new platform step by step, without disrupting daily operations or causing downtime.

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