NewCore Secures $66M to Redefine AI Identity, Prioritizing Security
NewCore Ltd., an agentic identity startup, has closed a massive $66 million seed funding round and is launching a security-first platform for artificial intelligence (AI) agents.
This significant injection of capital comes as the AI industry continues to expand, with more businesses integrating AI agents into their operations. However, this growth also brings increased security concerns, as these agents interact with and manipulate sensitive data. NewCore aims to address these concerns with its novel approach to AI identity.
NewCore’s security-focused platform provides a secure means for AI agents to establish and manage their identities. This enables businesses to ensure that AI agents only access authorized data and systems, reducing the risk of malicious activity. The platform’s agentic identity is designed to be adaptable to various use cases, from customer service chatbots to industrial robotics.
According to **NewCore Ltd.’s** founder, the platform is built on a foundation of security, ensuring that AI agents operate within defined parameters. “Our goal is to provide businesses with the confidence that their AI agents are secure, trustworthy, and compliant with regulations,” they said in a statement.
The Need for AI Identity Security
The importance of AI identity security cannot be overstated. As AI agents become increasingly ubiquitous, the risks associated with malicious activity or unauthorized access to sensitive data grow exponentially. NewCore’s platform addresses these concerns by providing a secure means for AI agents to establish and manage their identities.
What this means
For businesses, NewCore’s security-first platform means reduced risk and increased confidence in their AI agents. By prioritizing security from the outset, businesses can ensure that their AI agents operate within defined parameters, minimizing the risk of data breaches or other security incidents. This, in turn, enables businesses to maximize the benefits of AI adoption, from improved efficiency to enhanced customer experiences.
