Palo Alto Networks has agreed to acquire AI agent startup Console in a deal valued at $500 million, according to Techcrunch. The transaction will be paid in a mix of cash and stock. Founded in 2024, Console uses AI agents to automate routine IT tasks such as password resets, application access provisioning, and day-to-day troubleshooting. Its listed customers include Ramp, Flock Safety, and Scale AI. Palo Alto Networks said it plans to integrate Console into Cortex, its AI-driven security platform, so security teams can investigate and respond to alerts using natural language and run more automated enterprise security operations. The deal is also the company’s seventh acquisition completed this year. Earlier transactions mentioned in the report include the acquisition of Chronosphere at a $3.35 billion valuation and the $400 million purchase of cybersecurity startup Koi.
Palo Alto Networks has announced the acquisition of AI agent startup Console in a $500 million cash-and-stock deal, according to Techcrunch.
Console was founded in 2024 and uses AI agents to automate tasks such as password resets, application access provisioning, and routine IT troubleshooting. Its customers include Ramp, Flock Safety, and Scale AI.
Console to be folded into Cortex
Palo Alto Networks plans to integrate Console into Cortex, its AI-driven security platform. The company said the move will allow security teams to investigate and handle security alerts through natural language, with the goal of making enterprise security operations more automated.
Seventh acquisition this year
The report said this is Palo Alto Networks’ seventh acquisition completed this year. Before this, the company acquired Chronosphere at a $3.35 billion valuation and bought cybersecurity startup Koi for $400 million.
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