Keycard, an AI-driven identity and access management platform, has raised $38 million in a Series A funding round. The round was led by Andreessen Horowitz, Acrew Capital, and Boldstart Ventures, with additional investments from Mantis VC, Tapestry Ventures, Essence Ventures, Exceptional Capital, Modern Technical Fund, Vermillion Cliffs Ventures, and several angel investors. The company announced the early access launch of its platform, which aims to replace traditional long-term credentials with federatable, revocable short-term identity binding tokens. These tokens support delegation chains and task-level policy enforcement across applications and agents, while providing comprehensive audit logs for traceability.