As AI-powered applications become core to businesses, they bring risks traditional security tools can't adequately handle.
Anand Oswal
SVP and GM
Joining forces with Palo Alto Networks will enable us to scale our mission of making the AI landscape more secure for users and organizations of all sizes.
Ian Swanson
Co-Founder & CEO
Valuation of the acquisition deal
$500 million
Percentage of companies reporting AI-related breaches
75%
Key Facts
- Palo Alto Networks has announced a definitive agreement to acquire Protect AI, valued at over $500 million, enhancing its AI security solutions.
- The acquisition aims to help customers discover, manage, and protect against AI-specific security risks throughout the entire lifecycle from development to runtime.
- After the transaction closes, Protect AI's solutions and experts will help Palo Alto Networks accelerate its vision for an AI security platform.
- Cybersecurity challenges are escalating as nearly 75% of companies reported AI-related breaches in 2024.