capital · May 17, 2026
Portkey Processes Billions of LLM Tokens Daily Ahead of Palo Alto Networks Acquisition
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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.
Spend governor blocked model creation: provider_circuit_open (lane=dev, provider=together)