Palo Alto Networks Acquires Protect AI For $500M+, A Startup Backed By Salesforce, Samsung, And 01 Advisors In AI Security Push

Palo Alto Networks (NASDAQ:PANW), the global cybersecurity powerhouse with a market capitalization nearing $120 billion, is making a high-stakes move into the world of AI security with the acquisition of Protect AI, a Seattle-based startup that’s risen fast in the red-hot artificial intelligence space.

The deal, announced Monday, is expected to close later this year. The transaction is valued at over $500 million, GeekWire reported, citing sources familiar with the transaction.