On Monday, cybersecurity startup NewCore emerged from stealth with $66 million in funding, aiming to solve a looming challenge: how to authenticate and control AI agents at scale. The company believes that as AI becomes more integrated into companies, existing identity systems will struggle to keep up.

NewCore's platform manages both human and AI identities, viewing the latter as first-class citizens with their own permissions and lifecycle controls. Co-founder Zohar Alon argues that established identity providers are not equipped for this new reality, where software workers operate alongside humans.

Goldman Sachs tested an AI agent as a real employee last year, while McKinsey has 25,000 agents working with its 60,000 human counterparts. Alon predicts that within a few years, AI agents could outnumber human employees in tech-focused organizations, highlighting the need for new identity management systems.

The startup's platform uses a 'split-key' architecture to divide critical credentials between customers and the platform, eliminating single points of failure. It also offers integration packages for coding assistants like Anthropic’s Claude Code, providing access as managed identities through its mobile app.

NewCore is used by fewer than 10 customers but has grown to over 50 employees across the U.S. and Israel. The company expects to begin charging this summer, with Alon predicting that identity management will become one of the first enterprise systems strained by large-scale AI agent deployment.