Palo Alto Networks (NASDAQ:PANW), a leading global cybersecurity provider with a market capitalization approaching $120 billion, has announced its acquisition of Protect AI, a rapidly growing Seattle-based startup focused on securing artificial intelligence systems.
The deal, which was revealed on Monday, is expected to close later this year, according to industry sources cited by GeekWire. While financial terms were not officially disclosed, the acquisition is reportedly worth more than $500 million.
Protect AI has gained prominence by addressing the security risks associated with machine learning and artificial intelligence-driven applications. As AI becomes increasingly central across industries, ensuring its safe deployment has become a pressing concern for organizations and cybersecurity professionals alike.
The move marks Palo Alto Networks’ strategic expansion into the AI security domain, reinforcing its commitment to innovating in the face of evolving cyber threats. By integrating Protect AI’s capabilities, Palo Alto aims to offer enhanced protection for customers deploying AI across their operations.
The acquisition underscores a growing trend in the cybersecurity industry, where traditional players are investing in emerging technologies to address new and complex digital risks.
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