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Palo Alto Networks acquires Console

Acquisition Provisional 78% confidence first seen

TechCrunch reports that Palo Alto Networks agreed to acquire Console, an AI-agent startup that automates parts of IT help desk workflows. The deal is described as costing $500 million in cash and stock, though the companies did not disclose additional terms publicly. Palo Alto Networks plans to integrate Console into its Cortex platform so security teams can investigate and resolve alerts using natural language, enabling more autonomous security outcomes across enterprises.

Console Palo Alto Networks Cortex Sequoia Capital Serval Thrive

The deal

Console $500M Acquisition · announced 2 Sep 2026

Investors Palo Alto Networks

Deal terms as reported in the coverage below.

Source coverage

Palo Alto Networks paid $500M for Thrive-backed Console, sources say TechCrunch independent

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