Palo Alto Networks acquires Protect AI

● STRATEGIC | CYBERSECURITY

SEPTEMBER 1, 2026

Palo Alto Networks acquires Protect AI

TARGET

Protect AI

AI and machine learning security posture management software for enterprises, providing model scanning, red teaming, runtime protection, and AI agent security across the full AI/ML lifecycle.

Ownership	VC-backed
Investors	Evolution Equity Partners, Acrew Capital, boldstart ventures, Salesforce Ventures, Pelion Ventures +4 more
Capital raised	$108.5M
Headcount	124 FTEs
Headquarters	Seattle, Washington
Leadership	Ian Swanson, Co-Founder and CEO
Sell-side advisor	—

ACQUIRER

Palo Alto Networks

Global cybersecurity platform provider offering network, cloud, and AI-driven security solutions to enterprises, service providers, and governments.

Deal value	$634.5M total purchase consideration
Ownership	Publicly traded (NASDAQ: PANW)
Headcount	16,068 FTEs
Headquarters	Santa Clara, California
Buy-side advisor	—

Share deal Copy details View press release ↗

Palo Alto Networks -> Protect AI  (2026-09-04)
strategic_acquisition | Cybersecurity | $634.5M total purchase consideration | closed
Target: AI and machine learning security posture management software for enterprises, providing model scanning, red teaming, runtime protection, and AI agent security across the full AI/ML lifecycle.
Buyer site: paloaltonetworks.com
HQ: Seattle, Washington | Ownership: vc-backed | Buyer ownership: public (NASDAQ: PANW)
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/palo-alto-networks-protect-ai.html

Spotted an error or advised on this transaction? Claim credit or send a correction

MORE IN CYBERSECURITY

ITC Federal acquires Apriva ISS

Classified mobile communications software and VPN gateway products — the MESA suite — enabling DoD, FBI, and intelligence community users to transmit voice and data at secret and top-secret levels over commercial wireless networks

Palo Alto Networks acquires Console

AI-native IT service management platform that automates internal support requests — password resets, app access, troubleshooting — via natural-language AI agents integrated with Slack and enterprise systems

Blackstone Innovations Investments (Blackstone) leads a round in Huskeys

$27M Invested — AI-powered network edge security management platform that unifies control across multi-cloud WAF, CDN, and API environments for enterprise security teams

Pistachio acquires Hugin.io

AI-driven cyber risk control and compliance posture platform helping SMB management teams assess exposure, monitor cloud and identity environments, and demonstrate compliance with NIS2, ISO 27001, and GDPR

ClickHouse acquires RunReveal

SIEM replacement platform ingesting, normalizing, and querying security logs with AI-native detection and investigation workflows for enterprise security operations teams

Spin.AI (K1) acquires DoControl

Automated SaaS data access governance and DLP platform that monitors, orchestrates, and remediates data exposure risks across enterprise SaaS applications for security and IT teams

Browse the full register →

PAST ISSUES CONTACT

Thematic is a news publication, not an investment adviser. Nothing here is investment advice or a recommendation to buy or sell any security. Researched and compiled by Thematic; accuracy and completeness are not guaranteed.