Portkey

Palo Alto Networks Announces Intent to Acquire Portkey AI Gateway

Palo Alto Networks announced on April 30, 2026 its intent to acquire Portkey, a pioneer in AI Gateways. Portkey delivers a centralized control plane to manage and protect autonomous AI agents, already processing trillions of tokens per month with low latency for agent-to-agent communication. Portkey will serve as the AI Gateway for Prisma AIRS, enabling inspection of AI traffic, enforcement of security policies, least-privilege controls, semantic routing for 99.99% uptime, and access to over 3,000 LLMs. Rohit Agarwal, CEO and Co-Founder of Portkey, stated that joining Palo Alto Networks will establish the AI Gateway as the foundational layer of the secure AI enterprise. The transaction is expected to close in Palo Alto Networks' fourth quarter of fiscal 2026 subject to customary conditions.

Gartner Quotes on Portkey Acquisition Highlight Independent AI Gateway Strategy

Palo Alto Networks announced intention to acquire Portkey on April 30, 2026. Gartner published First Take on the deal May 1, 2026 recommending organizations manage AI gateway strategy independent of embedded gateways due to likely limitations. Portkey evolved from LLM observability to full AI gateway platform with Gartner issuing Market Guide in 2025 and first Magic Quadrant in 2026. The acquisition signals AI gateways as essential enterprise infrastructure for centralized control plane owned by platform teams. TrueFoundry appears as specialist AI gateway vendor in Gartner reports alongside the deal coverage.

Palo Alto Networks Acquires Portkey for AI Security Integration into Prisma AIRS

Palo Alto Networks announced intent to acquire Portkey on May 1, 2026 with expected close in fourth quarter of fiscal 2026. Portkey acts as pioneer AI gateway already processing trillions of tokens per month and low latency agent communication. Integration places Portkey as AI Gateway for Prisma AIRS enabling runtime inspection, policy enforcement and 99.99 percent uptime via semantic routing and automated failovers. Lee Klarich, Chief Product and Technology Officer at Palo Alto Networks, highlighted control and protection against agentic threats. Rohit Agarwal, CEO and Co-Founder of Portkey, emphasized balance between developer flexibility and security team control.

Portkey Raises $15 Million Series A Led by Elevation Capital

Palo Alto Networks to Acquire Portkey to Secure Rise of AI Agents

Palo Alto Networks announced intent to acquire Portkey on April 30, 2026. Portkey serves as centralized control plane for autonomous AI agents and already processes trillions of tokens per month with low latency for agent-to-agent communication. The acquisition integrates Portkey as AI Gateway for Prisma AIRS to monitor, route and secure every AI transaction across enterprises. Lee Klarich, Chief Product and Technology Officer at Palo Alto Networks, stated organizations will gain visibility into agentic traffic and control against agentic threats. Rohit Agarwal, CEO and Co-Founder of Portkey, noted the move establishes the AI Gateway as foundational layer of the secure AI enterprise with expected close in Palo Alto Networks fourth quarter of fiscal 2026.

Palo Alto Networks to Acquire Portkey to Secure Rise of AI Agents

Palo Alto Networks announced intent to acquire Portkey on April 30, 2026. The unified architecture positions Portkey as the mission-critical control plane for autonomous agents within Prisma AIRS. Transaction expected to close in Palo Alto Networks fourth quarter of fiscal 2026. Portkey serves as pioneer in AI Gateways and processes trillions of tokens per month. Palo Alto Networks is the global cybersecurity leader with NASDAQ ticker PANW.

Palo Alto Networks Acquires Portkey Valued at $120-140 Million

Palo Alto Networks is acquiring AI infrastructure startup Portkey to bolster its defences for autonomous AI systems. The acquisition was announced on April 30, 2026 and values Portkey at $120-140 million, double its February 2026 valuation after raising $15 million. The deal includes cash and stock components with no financial terms disclosed publicly. Portkey processes trillions of tokens monthly and will integrate as the central control plane for Prisma AIRS. Valuation doubled from $60-70 million at the time of its Series A round led by Elevation Capital.

Palo Alto Networks Integrates Portkey into Prisma AIRS Platform

Palo Alto Networks to Acquire Portkey AI for AI Gateway Integration

Palo Alto Networks announced plans to acquire Portkey AI. Portkey processes billions of LLM tokens daily and raised a $15M Series A earlier in 2026. The deal integrates Portkey's AI gateway into Prisma AIRS and is expected to close in fiscal Q4 2026. Portkey cofounder and CEO Agarwal stated the move establishes the AI gateway as foundational infrastructure. Palo Alto Networks completed the CyberArk acquisition in February 2026.

Portkey AI Gateway Repository Updated with Pricing Data for 2000+ Models

Palo Alto Networks to Acquire Portkey AI Gateway Startup

Palo Alto Networks announced its intent to acquire Portkey on April 30, 2026. Portkey, founded in 2023 by Rohit Agarwal and Ayush Garg, raised $15 million in a Series A led by Elevation Capital in February 2026 with participation from Lightspeed Venture Partners. The deal is expected to close in Palo Alto Networks' fourth fiscal quarter of 2026 subject to regulatory approvals. Portkey co-founder and CEO Rohit Agarwal stated the move aims to establish the AI Gateway as the foundational layer of the secure AI enterprise.

Portkey Processes Billions of LLM Tokens Daily Ahead of Palo Alto Networks Acquisition

Portkey processes over 500 billion tokens daily and manages over ₹4.75 crore in daily AI spend. The company handles 12.5 crore requests every 24 hours for more than 24,000 organizations globally. Palo Alto Networks announced intent to acquire Portkey on April 30, 2026. The acquisition values Portkey at roughly ₹1140 to ₹1330 crore.

Palo Alto Networks Stock Rises on Planned Portkey Acquisition

Portkey GTM Head Vrushank Vyas Speaks on Acquisition by Palo Alto Networks

Vrushank Vyas, Portkey’s GTM Head, spoke at a Luma event on May 13, 2026 about the company’s path to acquisition. Portkey built its go-to-market motion through multi-channel distribution and early collaboration on OpenAI Evals. The company reached enterprise traction after starting from open-source roots. Portkey processes billions of LLM tokens daily and was acquired by Palo Alto Networks.

Portkey Raises $15M Series A to Scale Unified Control Plane for AI

Palo Alto Networks to Acquire Portkey for AI Security

Palo Alto Networks announced plans to acquire Portkey on April 30, 2026. Portkey processes over 500 billion LLM tokens daily and handles 12.5 crore requests every 24 hours for more than 24,000 organizations. The deal values Portkey at roughly ₹1140 to ₹1330 crore. Portkey will integrate as the AI Gateway for Prisma AIRS at Palo Alto Networks.

Palo Alto Networks Faces Execution Risk as Massive CyberArk Portkey Bets Test AI Gateway Thesis

Palo Alto Networks announced plans to acquire Portkey for $3.35 billion alongside a planned $25 billion CyberArk buy. The acquisitions aim to build an AI security gateway for autonomous agents and AI workloads. Portkey processed over 500 billion tokens daily by early 2026. The deals follow Palo Alto Networks' earlier acquisition of Koi Security Inc. for $400 million completed on April 14, 2026. Palo Alto Networks stock traded near yearly lows amid the announcements.

Palo Alto Networks Acquires Portkey for AI Control

Palo Alto Networks announced its intent to acquire Portkey on April 30, 2026. Portkey processed over 500 billion tokens daily and handled 12.5 crore requests every 24 hours by early 2026. The acquisition values Portkey at roughly ₹1,140 to ₹1,330 crore, double its prior valuation from two months earlier. Portkey will serve as the AI Gateway for Prisma AIRS to monitor and secure AI agent interactions. Palo Alto Networks reported annual revenue exceeding ₹94,000 crore at announcement.

Palo Alto Networks to Acquire Portkey to Strengthen AI Security Platform

Palo Alto Networks announced its intent to acquire Portkey on April 30, 2026. The acquisition integrates Portkey's technology into Palo Alto Networks' Prisma AIRS platform for managing autonomous AI agents. Portkey processed over 500 billion tokens daily and handled 12.5 crore requests every 24 hours by early 2026. Palo Alto Networks stock hit an all-time high of $223.64 following related AI security announcements. The deal targets enhanced capabilities in securing AI workloads at enterprise scale.

Palo Alto Networks Makes $700M-Class AI Bet on Portkey Gateway

Palo Alto Networks announced a planned acquisition of Portkey valued in the $700M class. The deal embeds Portkey's AI gateway technology into Palo Alto Networks' security platform for autonomous AI agents. Portkey handled over 500 billion tokens daily and managed ₹4.75 crore in daily AI spend by early 2026. The acquisition values Portkey at roughly ₹1,140 to ₹1,330 crore, double its valuation from two months earlier. Palo Alto Networks completed the announcement on April 30, 2026.

Portkey GTM Head Discusses Acquisition by Palo Alto Networks at Bengaluru Event

Nasscom highlighted Portkey as a GenAI Foundry member building a unified AI gateway and orchestration layer on May 15, 2026. Portkey processes billions of LLM tokens daily and follows Palo Alto Networks’ intent to acquire it. The company enables observability, governance, and control across AI workflows for enterprise teams. Portkey’s vision focuses on making production-grade AI systems secure, scalable, and reliable.

Palo Alto Networks to Acquire AI Infrastructure Firm Portkey for Up to $140 Million

Palo Alto Networks is set to acquire AI infrastructure firm Portkey for up to $140 million. The acquisition aims to boost security capabilities for enterprise AI agents and provide a centralized control plane for managing and securing AI agents. The deal is expected to close in Palo Alto Networks' fourth quarter of fiscal 2026 subject to approvals. Portkey is backed by Elevation Capital. The move reflects a growing trend towards autonomous AI systems in the cybersecurity landscape.

Portkey AI Gateway Acquisition by Palo Alto Networks Expected to Close in Q4 2026

Palo Alto Networks announced its intent to acquire Portkey on April 30, 2026. Portkey acts as a centralized command center for managing and securing AI agent traffic. The deal is expected to close by fiscal Q4 2026. Palo Alto Networks is showing investors that this goes beyond a routine acquisition by positioning the AI Gateway as mission-critical for autonomous agents. The move addresses governance and security as AI systems grow more autonomous.