Category: Market Intelligence
Three companies focused specifically on AI agent identity security raised a combined total of more than $220 million in a single quarter in 2026. NewCore emerged from stealth with $66 million. Oasis Security closed a $120 million round bringing its total raised to $195 million. Pi Security raised $35 million in San Francisco, closing June 10.
The concentration of funding in this specific category in a single quarter signals that investors have concluded the agent identity problem is real, large, and not yet solved by existing infrastructure.
NewCore
NewCore was founded by Zohar Alon, the creator of Dome9, the cloud security platform acquired by Check Point. Alon built a company that secured cloud infrastructure at the identity layer and sold it to one of the world's largest security companies. NewCore's thesis is that the explosion of autonomous AI agents requires the same approach applied to a new class of identity: machines that act, transact, and make decisions autonomously. The $66 million coming out of stealth reflects the credibility of a founder who has built and sold category-defining security infrastructure before.
Oasis Security
Oasis Security's $120 million round was backed by Sequoia, Accel, Craft Ventures, and Cyberstarts. The investor roster reflects category maturity. These are not early-stage exploratory bets. They are conviction investments from firms that have seen security categories consolidate before and are positioning for the infrastructure layer that survives that consolidation. $195 million total raised suggests the company has been building for some time and is now scaling into a market it believes has reached inflection.
Pi Security and Y Combinator
Pi Security's $35 million round closed June 10, one of the most recent funding signals in this batch. At the earlier stage, Y Combinator's P2026 cohort includes RASPIRE, which builds runtime protection against AI-powered fraud and API abuse, and Clawvisor, which addresses agent credential exposure by allowing agents to access Gmail, Slack, and Google Drive without storing credentials, enforcing approval on every request instead. YC backing agent security companies in the current cohort confirms the category has reached the stage where accelerator-scale bets are being made.
What the Funding Signals
Three significant rounds in one quarter does not mean the category is crowded. It means investors have confirmed the problem is worth solving and are backing multiple approaches simultaneously. In security categories, this pattern typically precedes consolidation. Multiple funded companies compete, the market identifies which architectural approach enterprise buyers prefer, and the survivors either achieve scale or become acquisition targets for larger platforms.
The agent identity category is entering that competitive phase now. The window to define the standard is open. The companies shipping verified identity infrastructure today are the ones writing the specification the rest of the market will eventually adopt.
The Market They Are Building For
Gartner projects 40 percent of enterprise applications will include AI agents by end of 2026. IDC forecasts $1.4 trillion in enterprise AI agent spend by 2027. Every agent in every application needs an identity. Every identity needs to be verified, scoped, and auditable. The $220 million raised in one quarter reflects investor assessment of that opportunity size.
Sources: NewCore and Agent Identity Funding and Oasis Security Series B