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

NewCore secured $66 million in funding on March 12, 2024, to address the emerging challenge of managing AI agents within enterprises. The company's core argument is that as AI agents increasingly function as employees, the focus of enterprise security will shift from human personnel to these autonomous digital entities. NewCore aims to provide a platform that grants AI agents unique identities, enabling organizations to track, manage, and secure their activities. This approach is designed to mitigate risks associated with AI deployment, such as unauthorized actions or data breaches originating from AI systems. The funding round was led by Lightspeed Venture Partners, with participation from other investors including Bessemer Venture Partners and Index Ventures. NewCore plans to use the capital to accelerate product development, expand its engineering team, and scale its go-to-market strategy. The company's vision is to establish a foundational layer for the secure and compliant integration of AI agents into business workflows, anticipating a future where AI agents are as common as human employees in many operational roles. This development signals a proactive response to the evolving landscape of artificial intelligence in the workplace and the critical need for robust identity and access management solutions tailored for AI.