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Palo Alto Networks in Talks to Acquire Clutch Security for $500 Million

1 reports 1 reporting sources Updated 2 hours ago

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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.

Generated by AI from reports · Updated 56 minutes ago

Latest development11/6 14:28 (UTC+8)
Palo Alto Networks in Talks to Buy AI Security Startup Clutch for $500 MillionTechCrunch · AI

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11/6
  1. TechCrunch · AI
    Palo Alto Networks in Talks to Buy AI Security Startup Clutch for $500 Million

    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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