capital · May 18, 2026
Palo Alto Networks to Acquire Portkey AI Gateway Startup
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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.
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