Keycard
15 known investors
Keycard provides infrastructure for AI agents to operate safely and securely in production environments, enabling developers to connect agents to services across multiple clouds while maintaining identity, policy, and audit controls.
Also known as Keycard, Inc.
Founders & leadership



Investors Β· 15
Also in the syndicate Β· 9
Funding
SEC filings, press & company announcements$76M disclosed across 2 of 4 rounds Β· 2025
- $38MSeries AOct 2025 Β· 4 sources
Acrew Capital (lead), Andreessen Horowitz (lead), boldstart (lead), Boldstart Ventures (lead), Emilio Escobar, Essence Ventures, Exceptional Capital, Ian Andrews, Karl McGuinness, Mantis VC, Matias Woloski, Modern Technical Fund, Ryan Carlson, Tapestry Ventures, Vermillion Cliffs Ventures
Source β - $38Mseed and Series AOct 2025 Β· 2 sources
Acrew Capital (lead), Andreessen Horowitz (lead), boldstart ventures (lead)
Source β
Source: company announcements and press reports β follow each round's link for the claim.
Company profile
researched Aug 2026Keycard is a cloud-native identity and access management platform built for AI agents rather than human users. It positions itself as a control plane governing agent access to tools, APIs and data: each agent receives an identity, each tool call is authorized with a credential, and each action is written to an audit log. The platform resolves a composite identity from the user, device, agent workload and task, evaluates policy at the moment a credential is requested, issues short-lived and resource-scoped tokens, and streams structured telemetry of every tool call and policy decision to SIEM systems such as Splunk and Datadog.
The company frames the problem as the failure of traditional IAM, which assumes long-lived and stable identities, to handle agents that spin up by the thousands, terminate quickly and act on behalf of different users and systems. Rather than storing static API keys and secrets, Keycard replaces them with dynamic, identity-bound, task-scoped tokens that are revocable in-band and that never enter the agent's context window. It operates as a federated identity broker, converting credentials from existing identity providers (Okta, Auth0, Google or any OIDC provider) into agent-aware tokens instead of replacing those providers.
Product surfaces include a CLI (a `keycard run` command that governs coding agents running shell commands, scripts and API calls), SDKs for adding OAuth-based authentication to MCP servers in Python, TypeScript, Go and Ruby, low-level OAuth 2.0 primitives, agent-to-agent (A2A) authentication, and a gateway that proxies requests and injects tokens for systems that cannot run an SDK. Administrative features cover SSO, roles and permissions scoped to organization or zone, audit log export, and a catalog of one-click integrations with APIs including Gmail, Slack, GitHub and Linear.
Founding story
The idea originated in early 2023 after CircleCI disclosed that hackers had stolen encryption keys, invalidating customer API tokens. Snyk was a CircleCI customer, and Livingstone and Creager β then at Snyk following its acquisition of their prior startup Manifold, where Livingstone was CTO and Creager led developer relations β had to manually map and rotate credentials across the organization, producing a spreadsheet of more than 10,000 credentials. Livingstone concluded that the answer was eliminating secrets rather than storing them better, and recruited Jared Hanson, previously chief architect at Auth0 through its acquisition by Okta, as a third co-founder for identity security expertise.
Business model
B2B SaaS infrastructure sold to developers and security teams building AI agent systems, sitting between agents and the APIs and systems they access and providing dynamic access control as a service in place of static API keys and role-based tokens.
Pricing and the revenue model had not been disclosed as of the early access period; Keycard documentation references organization-level billing configuration.
Traction
The company launched publicly in October 2025 and had not disclosed pricing or customer metrics as of the early access period.
Latest developments
Following the October 2025 stealth exit, Keycard said proceeds would fund development of its IAM platform, expansion of its research and development team, and standards work on Model Context Protocol and OAuth extensions for AI agents. The company has also announced Keycard for Multi-Agent Apps.
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
One of a group of startups entering the AI agent security and identity market alongside incumbent IAM vendors adapting existing platforms (Okta, SailPoint, Microsoft Entra, AWS IAM), cloud-native offerings such as AWS AgentCore Identity, developer-first identity platforms such as Descope, WorkOS and Auth0, and secrets management vendors including HashiCorp Vault, Akeyless and CyberArk Conjur. Press coverage characterizes agentic security as an early and crowded category in which no clear leader has been established.
Keycard targets machine-to-machine authentication patterns for ephemeral agents rather than human login workflows, and integrates with rather than replaces existing identity providers. Its founders' background at Snyk, Manifold, Auth0 and Okta is cited by investors as a combination of developer-tooling and standards experience; the company is also working on contributions to emerging standards including Model Context Protocol and OAuth extensions for AI agents.
Technology
Cryptographic verification of agent identity, ownership and authorization, with workload attestation via SPIFFE, Kubernetes service accounts, cloud instance IDs and mTLS binding an agent to a verified runtime. A centralized policy engine evaluates rules at credential issuance, supports observe-only testing against live traffic and instant rollback to prior policy sets, and manages delegation chains with cryptographically linked audit trails that allow security teams to revoke a whole chain via a single API call. Zones map agents, users, resources and tools into logical groupings so policies reference business concepts. SDKs for Python, Node, Go and Java handle OAuth handshakes and token management, and a gateway proxies requests for systems that cannot run an SDK.
Go-to-market
Developer-led adoption through a quickstart that runs Claude Code in a Keycard-protected session, a CLI, SDKs and documentation, with three entry paths positioned on the site: building agents, securing existing coding agents, and adopting governed agent tooling across departments.
Developers building AI agent and multi-agent applications who need secure API access patterns, and enterprise security and compliance teams that must govern and audit agent behavior across an organization.
Geography
Headquartered in San Francisco, United States; co-founders Ian Livingstone and Matthew Creager are based in Halifax, Canada. The platform is described as operating at internet scale across globally available infrastructure.
History
Keycard was founded in 2025 by Ian Livingstone, Matthew Creager and Jared Hanson, and emerged from stealth on 21 October 2025 with $38 million in combined seed and Series A funding.
Risks & controversies
Analysis of the company identifies market-timing risk if enterprise adoption of autonomous agents proceeds more slowly than expected, platform risk from AWS, Microsoft and Google bundling agent identity controls into their AI services, and technical complexity around ephemeral credentials. Press coverage notes skepticism toward first-to-market claims in an unproven category.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Competitors Β· 4
by search overlapCompanies competing with Keycard for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline Β· 2
launches, deals, and filingsKeycard publicly launched with $38 million in total funding, comprising an $8 million seed round co-led by Andreessen Horowitz and boldstart ventures and a $30 million Series A led by Acrew Capital. The company said it would use the capital to advance its IAM platform for AI agents, expand R&D, and contribute to emerging standards including Model Context Protocol and OAuth extensions for AI agents.
$38M source β
Keycard announced a product offering aimed at multi-agent applications, highlighted on its website.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
Vermilion Cliffs Ventures Raises $25M Second Fund for Technical Founders Building AI Infrastructure and Dev Toolingglobalfintechseries.com Β· Jul 2026βΈResearch sources Β· 8
primary sources listed
- Keycardkeycard.ai Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Keycard do?
- Keycard is an identity and access management platform that issues short-lived, task-scoped credentials to AI agents.
- Who founded Keycard?
- Keycard was founded by Ian Livingstone, Matthew Creager, Jared Hanson.
- Who are Keycard's investors?
- Keycard's investors include Acrew Capital, Andreessen Horowitz, boldstart ventures, Exceptional Capital, Mantis Capital, Modern Technical.
- How much funding has Keycard raised?
- Keycard has disclosed $76M raised across 2 of its 4 known rounds.



