AITechCrunch1h ago
Palo Alto Networks paid $500M in cash and stock
Sources: Palo Alto Networks paid $500M in cash and stock to acquire agentic IT support startup Console; PitchBook: Console was valued at $157M before the sale
TL;DRPalo Alto Networks bought AI support startup Console for $500M, tripling its valuation in two years.
Why it matters: Security vendors are aggressively acquiring AI automation tools to embed autonomous agents into their core platforms.
Palo Alto Networks paid $500 million in cash and stock to acquire Console, a two-year-old startup that uses AI agents to automate routine …
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