NewCore has raised $66 million to provide verifiable identities for autonomous AI agents, signaling a shift in enterprise security from 'who' is accessing systems to 'what' is accessing them.
The funding addresses the rapid deployment of AI agents in customer service, finance, and supply chains, each requiring unique permissions and lifecycle management. This influx of capital into a non-crypto native solution highlights where institutional investment is currently concentrated.
However, NewCore faces stiff competition. Cloud giants like AWS and identity leaders like Okta, which already hold vast enterprise relationships and can bundle agent identity into existing services, possess natural distribution advantages. For permissionless, cross-platform interoperability across organizational boundaries, decentralized identity approaches may still hold an edge.