Palo Alto Networks in talks to buy AI agent security startup Clutch
Palo Alto Networks is in talks to acquire Clutch Security for $500 million in cash plus milestone-based payouts, according to a person familiar with the discussions. TechCrunch reports Clutch was last valued at $85 million, according to its source, and is approaching $10 million in annual recurring revenue.
NoteTechCrunch says the price would be about 50 times Clutch's ARR. Cyera paid $1 billion for Oasis Security, which also manages AI agents' access to company systems.
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