TLDR: Keycard has officially launched with $38 million in seed and Series A funding, co-led by Andreessen Horowitz, boldstart ventures, and Acrew Capital. The company aims to address the critical challenge of identity and access for AI agents, enabling organizations to deploy them securely into production environments with real-time permissions, accountability, and transparency.
SAN FRANCISCO – October 21, 2025 – Keycard today announced its emergence from stealth, introducing an innovative identity and access platform specifically designed for AI agents. The company has successfully raised a total of $38 million in funding, comprising an $8 million seed round co-led by Andreessen Horowitz and boldstart ventures, followed by a $30 million Series A round led by Acrew Capital. This significant investment underscores the urgent need for robust security solutions in the rapidly expanding AI agent ecosystem.
Keycard’s platform is engineered to integrate seamlessly with existing user identity solutions, providing a foundational layer of trust and control for AI agents. It enables organizations to identify AI agents, assign granular, task-based permissions, and dynamically enforce policies while meticulously tracking all activity. This capability is crucial for deploying AI agents into production with confidence, ensuring they operate strictly within their intended parameters and actions.
Ian Livingstone, co-founder and CEO of Keycard, emphasized the transformative potential of AI agents, stating, “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.”
The company was co-founded by Ian Livingstone, Matthew Creager, and Jared Hanson, a team bringing extensive experience in platform engineering, developer experience, and authentication. Livingstone and Creager previously held senior leadership roles at Snyk, where they were instrumental in scaling the company’s revenues from $30 million to $300 million. Hanson, former Chief Architect at Auth0 and a senior technical leader at Okta, is also the creator of Passport.js, a widely used authentication framework for Node.js.
Zane Lackey, a partner at Andreessen Horowitz, highlighted the market opportunity, remarking, “This is the Auth0 moment for agent access. The agent ecosystem needs foundational authorization infrastructure. Developers will lead the way and need durable identity and access foundations. Keycard extends trust and control to the agent layer.”
Keycard’s platform is built for internet-scale performance, addressing the dynamic, ephemeral, and performance-obsessed nature of agentic applications. It offers globally available infrastructure capable of modeling complex mixed-identity and resource relationships between human and agent interactions – a fundamentally different design approach compared to traditional solutions. The company provides developers with SDKs, allowing them to build trusted agentic applications without requiring deep expertise in identity or security. This approach also provides security teams with the necessary context and feedback loops to govern AI agents throughout their development lifecycle, rather than post-production.
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The newly secured funding will be allocated towards further advancing Keycard’s identity and access platform and expanding its research and development team, ensuring continuous innovation in this critical area of AI security.
