Palo Alto Networks paid $500M for Thrive-backed Console, sources say | TechCrunch
Summary
Palo Alto Networks acquired Console for $500 million in cash and stock, according to sources. Console built AI agents that automate routine IT help desk tasks such as password resets, app access, and troubleshooting. Palo Alto Networks plans to integrate Console into Cortex to add natural-language-driven investigation and response capabilities for security teams. The deal adds another startup to Palo Alto Networks’ growing acquisition spree and strengthens its push toward autonomous security operations.
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