capital · May 16, 2026
Palo Alto Networks to Acquire AI Infrastructure Firm Portkey for Up to $140 Million
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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.
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