Palo Alto Networks Acquires Console for $500 Million
Source Summary
Palo Alto Networks has acquired Console, a startup backed by Thrive Capital, for $500 million. The deal positions Serval, a Sequoia-backed competitor, as the leading independent startup in AI IT service automation.
Why it matters
The acquisition demonstrates Palo Alto Networks' strategic investment in AI-driven IT automation capabilities to strengthen its cybersecurity platform.
