Keycard has emerged from stealth with $38m in funding to solve one of the most critical challenges in the AI ecosystem — managing secure access and identity for autonomous agents.
The funding round comprises an $8m seed round co-led by Andreessen Horowitz and Boldstart Ventures, and a $30m Series A led by Acrew Capital. The round also attracted angel investors including Ian Andrews, Ryan Carlson, Emilio Escobar, Karl McGuinness and Matias Woloski.
Founded by Ian Livingstone, Matthew Creager and Jared Hanson, Keycard offers a platform designed specifically to manage identity and access for AI agents. The technology integrates with existing enterprise identity solutions, enabling users to authenticate AI agents, assign task-based permissions, and dynamically enforce policies while tracking all activity.
The company’s platform provides organisations with the trust and visibility required to safely deploy AI agents at scale. By cryptographically verifying who an agent is, what it is authorised to do, and on whose behalf it acts, Keycard helps ensure agents perform only their intended actions. Its infrastructure is designed for performance, interoperability, and scalability across global systems.
Keycard intends to use the new capital to enhance its identity and access platform and expand its research and development team. The company is also contributing to emerging standards such as the Model Context Protocol (MCP), WIMSE, and OAuth extensions for agents, positioning itself as a foundational player in the evolving agent economy.
Andreessen Horowitz partner Zane Lackey said, “This is the Auth0 moment for agent access. The agent ecosystem needs foundational authorization infrastructure. This team has the rare combination of infrastructure expertise and standards leadership required to build it.”
Boldstart Ventures founder and general partner Ed Sim said, “Winning in agentic security takes a rare mix: build for developers and nail security from day one. Ian, Matthew and Jared did it before at Snyk and Auth0 and they’re doing it again with Keycard. We’re thrilled to back Ian and Matthew a second time (their first company was acquired by Snyk) alongside Jared. This is the team to define the identity and trust category for the agent era.”
Acrew Capital founding partner Asad Khaliq added, “Trusted agents define the next chapter of computing. Developers will lead the way and need durable identity and access foundations. Keycard extends trust and control to the agent layer.”
The founders, who previously held leadership roles at Snyk, Auth0 and Okta, bring significant expertise in developer experience, platform engineering, and authentication. Their experience of scaling security infrastructure at enterprise level has informed Keycard’s mission to make agentic systems safe and trustworthy for businesses.
Copyright © 2025 RegTech Analyst
Copyright © 2018 RegTech Analyst
