NewCore Debuts at $300 Million Valuation, Raises $66 Million

Cybersecurity startup NewCore has emerged from stealth with a $300 million valuation after raising $66 million. The company said the round was led by Cyberstarts, Index Ventures and Evolution Equity Partners, and included well-known angel investors from the cybersecurity sector.

NewCore was founded in 2025 by Zohar Alon, the former founder and CEO of Dome9, which was acquired by Check Point, Amihaï Niederman, a former senior security researcher in Unit 8200 and founder of Nym, and Erez Yarkoni, who previously served as CIO of T-Mobile and Telstra. The company now employs more than 50 people in Israel and the United States.

The startup builds a platform for managing and securing identities and permissions for employees, systems and AI agents inside enterprises. It is presenting the product this week at Identiverse 2026 in Las Vegas. NewCore says the platform can centralize access management, spot excessive privileges or unmanaged accounts, and revoke access when it is no longer needed.

Among the angel investors are Assaf Rappaport of Wiz, Yevgeny Dibrov of Armis, Ofer Ben-Nun of Palo Alto Networks, Ophir Erlich of Eon and Yotam Segev of Seara, which recently announced a $600 million financing. Alon said the company was designed to remove the identity system itself as a security failure point, adding that NewCore’s architecture is meant to reduce to zero the risk from stolen keys, malicious logins or privilege abuse.