Huo Xing Finance reports, according to TechCrunch, cybersecurity giant Palo Alto Networks has announced the acquisition of AI Agent startup Console for $500 million in cash and stock. Founded in 2024, Console uses AI Agents to automate tasks such as password resets, application permission provisioning, and routine IT troubleshooting, serving clients including Ramp, Flock Safety, and Scale AI. Palo Alto Networks plans to integrate Console into its AI-driven security platform, Cortex, enabling security teams to investigate and respond to security alerts using natural language, thereby achieving more automated enterprise security operations. This acquisition marks Palo Alto Networks’ seventh acquisition this year. Previously, the company acquired Chronosphere at a $3.35 billion valuation and cybersecurity startup Koi for $400 million.
Palo Alto Networks Acquires AI Agent Startup Console for $500 Million in Cash and Stock
MarsBitShare
Summary
Palo Alto Networks acquires AI agent startup Console for $500 million in cash and stock, according to AI and crypto news. Console automates IT tasks such as password resets and troubleshooting for clients including Ramp and Scale AI. The company will integrate the tool into its Cortex security platform to enable teams to respond to alerts using natural language. This marks the company’s seventh acquisition this year, following its $3.35 billion acquisition of Chronosphere and a $400 million deal for Koi. AI-powered automation is expected to enhance security breach prevention.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.