Palo Alto Networks in talks to buy Clutch Security for about $500 million
Clutch Security, founded three years ago, makes software that tracks passwords and authentication codes used by AI agents.
Palo Alto Networks is reportedly negotiating to acquire Israeli security startup Clutch Security for about $500 million, according to The Information, which cited sources. The talks are ongoing and may not result in a deal, and a Palo Alto Networks spokesperson declined to comment on rumors or speculation.
Clutch Security, founded three years ago, develops software that lets enterprises track passwords and authentication codes used by AI agents. The company has raised more than $20 million from investors including Lightspeed Venture Partners and SignalFire.
If completed, the deal would be Palo Alto Networks' fifth acquisition announced this year. CEO Nikesh Arora is said to be looking for acquisition targets to strengthen products against new AI threats.
Consolidation in identity security
Earlier this year, Palo Alto Networks acquired identity security company CyberArk for $25 billion. In August, Okta acquired Permiso Security, and in June, competitor SailPoint acquired Entro Security.
Last month, Workday acquired C1.ai to manage AI agent identities alongside human identities.
Quick answers
How much would Palo Alto Networks pay for Clutch Security?
About $500 million, according to The Information, which cited sources. The talks are ongoing and may not result in a deal.
What does Clutch Security do?
It develops software that lets enterprises track passwords and authentication codes used by AI agents.
Has Palo Alto Networks announced other acquisitions this year?
Yes. Earlier this year it acquired identity security company CyberArk for $25 billion, and the Clutch Security deal, if completed, would be its fifth acquisition announced this year.