Palo Alto Networks (PANW.US) is rumored to be buying AI security startup Clutch in a deal worth around US$500 million

The Zhitong Finance App learned that according to reports, Palo Alto Networks (PANW.US) is in negotiations to acquire Israeli AI security startup Clutch Security, with a transaction amount of about 500 million US dollars. The report said that related negotiations are still ongoing, and it remains to be seen whether a deal can be reached in the end.

According to reports, the product developed by Clutch is used to help companies track passwords and authentication codes used by AI agents. As enterprises introduce AI agents into their daily operations, the need for management and security monitoring of such certificates has increased, and Clutch's technical direction is on the right track.

According to the report, Clutch has now raised more than 20 million US dollars from investors, including Lightspeed Venture Partners and SignalFire.

Palo Alto Networks' annual recurring revenue (ARR) for next-generation solutions has soared to $9.1 billion as corporate demand to respond to AI-related cyber attacks surges. Since this year, the stock has accumulated an increase of 89%.