Palo Alto Networks acquires Koi

● STRATEGIC | CYBERSECURITY

FEBRUARY 17, 2026

Palo Alto Networks acquires Koi

TARGET

Koi's agentless endpoint platform discovers, risk-scores, and governs software packages, browser extensions, AI models, and scripts across enterprise endpoints.

Ownership	VC-backed
Investors	Team8, Battery Ventures, NFX, Picture Capital, Cerca Partners
Capital raised	$48 million
Headcount	124 FTEs
Headquarters	Tel Aviv, Israel
Leadership	Amit Assaraf, CEO and Co-Founder
Sell-side advisor	—

ACQUIRER

Palo Alto Networks

Large publicly traded cybersecurity platform company

Deal value	$400M deal value
Ownership	Publicly traded (NASDAQ: PANW)
Headcount	16,068 FTEs
Headquarters	Santa Clara, California
Leadership	Nikesh Arora, Chairman, Chief Executive Officer and Director Lee Klarich, Chief Product & Technology Officer
Buy-side advisor	—

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Palo Alto Networks -> Koi  (2026-09-11)
strategic_acquisition | Cybersecurity | $400 million | announced
Target: Koi's agentless endpoint platform discovers, risk-scores, and governs software packages, browser extensions, AI models, and scripts across enterprise endpoints.
Website: koi.ai | Buyer site: paloaltonetworks.com
HQ: Tel Aviv, Israel | Ownership: vc-backed | Buyer ownership: public (NASDAQ: PANW)
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/palo-alto-networks-koi.html

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