Palo Alto Networks paid $500M for Thrive-backed Console, sources say
The reported price was more than triple Console’s last private valuation.
TechCrunch says Palo Alto Networks paid $500 million in cash and stock for Console, which had raised $29 million and was valued at $157 million before the sale. Console used AI agents to handle IT help desk work like password resets, app access, and routine troubleshooting. Palo Alto plans to fold the company into Cortex so security teams can investigate and resolve alerts in natural language. TechCrunch AI's note
TechCrunch says Palo Alto Networks paid $500 million in cash and stock for Console, which had raised $29 million and was valued at $157 million before the sale. Console used AI agents to handle IT help desk work like password resets, app access, and routine troubleshooting. Palo Alto plans to fold the company into Cortex so security teams can investigate and resolve alerts in natural language. TechCrunch AI's note
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