NewCore emerges at $300 million valuation with $66 million funding round

Cyber startup NewCore has come out of stealth at a $300 million valuation after raising $66 million. The round was led by Cyberstarts, Index Ventures and Evolution Equity Partners, with participation from well-known angel investors and founders of cyber companies.

NewCore was founded in 2025 by Zohar Alon, who previously founded and led Dome9 before its acquisition by Check Point, Amichai Niderman, founder of Nym and a former senior security researcher in Unit 8200, and Eran Yarkoni, formerly CIO of T-Mobile and Telstra. The company says it has more than 50 employees in Israel and the United States.

The company builds a platform for managing and securing identities and permissions for employees, systems and AI agents inside organizations. NewCore is showcasing the product this week at Identiverse 2026 in Las Vegas. Among the angel investors in the round are Assaf Rappaport of Wiz, Evgeny Dibrov of Armis, Ofer Ben Noy of Palo Alto Networks, Ofir Ehrlich of Eon and Yotam Segev of Cyera.

Alon said the platform was designed to eliminate the identity system itself as a security weak point. He said NewCore reduces the risk of stolen keys, malicious logins and privilege abuse to zero. The company argues that identity systems are the gateway to corporate tools and data, that many recent attacks begin with exploited permissions or uncontrolled access paths, and that the growing use of autonomous tools and AI agents makes centralized control even more important.