Palo Alto Networks in Talks to Buy AI Security Startup Clutch for $500 Million
Palo Alto Networks in talks to buy AI agent security startup Clutch for $500M
- Who
- Palo Alto Networks
- What
- entered talks to acquire Clutch Security for $500 million in cash plus milestone-based payouts
What happened
Palo Alto Networks is in talks to acquire Clutch Security for $500 million in cash plus milestone-based payouts, according to a person familiar with the discussions. The three-year-old startup secures AI agents’ access to company systems and is approaching $10 million in annual recurring revenue. If completed, the deal would be Palo Alto Networks’ seventh acquisition this year, according to PitchBook.
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See the full storyPalo Alto Networks in Talks to Acquire Clutch Security for $500 MillionThe story so far
Palo Alto Networks is in talks to acquire Clutch Security for $500 million in cash plus milestone-based payouts, according to a person familiar with the discussions. The deal has not been completed. Clutch Security is a three-year-old startup that secures AI agents’ access to company systems. It is approaching $10 million in annual recurring revenue.
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