Palo Alto Networks in Talks to Pay $500 Million for AI Security Startup
Palo Alto Networks is in talks to buy three-year-old Israeli security startup Clutch Security for around $500 million, according to people familiar with the matter. If finalized, the acquisition would be the fifth Palo Alto Networks has announced this year, as CEO Nikesh Arora seeks to bolster the company’s products that counter new AI threats. Clutch develops software that helps companies track passwords and authentication codes used by AI agents.