Palo Alto Networks (NASDAQ:PANW), a leading global cybersecurity company with a market capitalization approaching $120 billion, has announced its intention to acquire Protect AI, a fast-growing startup focused on artificial intelligence security. The acquisition represents a strategic move by Palo Alto Networks to expand its capabilities in securing AI systems amid increasing demand for AI-driven technologies.
The deal, which was disclosed on Monday, is reportedly valued at more than $500 million, according to sources cited by GeekWire. The transaction is expected to be finalized later this year, pending regulatory approvals and customary closing conditions.
Protect AI, based in Seattle, has quickly emerged as a key player in the AI security sector, offering tools designed to identify and mitigate risks in machine learning systems. The acquisition will bolster Palo Alto Networks’ offerings at a time when organizations are seeking robust solutions to secure their AI infrastructure against evolving threats.
This move highlights the growing importance of AI security in the tech industry and reflects Palo Alto Networks’ commitment to staying at the forefront of innovation in cybersecurity.
Source: https:// – Courtesy of the original publisher.
