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Palo Alto Networks acquires Console for $500M to bolster cybersecurity
Source: TechCrunch AI
Executive Summary
Palo Alto Networks has acquired startup Console for $500 million in a cash-and-stock deal. The acquisition aims to integrate Console's AI agents into the Cortex platform to automate IT help desk and security operations.
Palo Alto Networks has acquired the two-year-old startup Console for $500 million in a cash-and-stock transaction. Console, founded in 2024, specializes in using AI agents to automate routine IT help desk tasks, such as password resets and access management.
The cybersecurity giant plans to integrate Console’s agentic functionality into its Cortex platform, enabling security teams to resolve alerts using natural language. The deal provides a significant return for Console’s investors, including Palo Alto Networks CEO Nikesh Arora, who previously backed the startup as an angel investor.
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