Keycard, a company that provides identity infrastructure for AI agents, has emerged from stealth mode with $38 million in funding, raised over an $8 million seed round and a $30 million Series A round.
The seed round was co-led by Andreessen Horowitz and Boldstart Ventures, while the Series A round was led by Acrew Capital, with additional support from Essence Ventures, Exceptional Capital, Mantis VC, Modern Technical Fund, Tapestry Ventures, Vermillion Cliffs Ventures, and angel investors.
Founded in 2025 by former Snyk and Okta senior leadership, San Francisco-based Keycard has built a platform that provides identity and access management (IAM) for AI agents, aiming to help organizations deploy them into production with complete trust.
The solution relies on cryptography to prove the identity, ownership, and authorization of each agent, enforcing contextual access controls at runtime to provide organizations and users increased visibility and control over the activities of each agent.
The company uses dynamic, identity-bound, and task-scoped tokens instead of static secrets and API keys, so that organizations can enforce policies that adapt to the changing environment without code changes.
According to Keycard, its platform operates at internet scale, to cover globally available infrastructure, and provides developers with the tools needed to build trusted agentic applications.
The startup will use the new investment to advance its IAM platform for AI agents and to expand its research and development team.
“AI agents represent a once-in-a-generation shift, greater than the SaaS and cloud wave combined. But without trusted access controls, they can’t leave the lab. Keycard provides the guardrails that allow agents to act safely on behalf of people and businesses, unlocking the true potential of the agent economy,” Keycard co-founder and CEO Ian Livingstone said.
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