Palo Alto Networks in Talks to Buy Clutch Security for $500m
Clutch makes software that tracks passwords and authentication codes used by AI agents as demand for agent security rises, The Information reports.
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IT Security News - cybersecurity, infosecurity newsPalo Alto Networks in talks to buy AI agent security startup Clutch for $500M
Clutch, backed by Lightspeed and SignalFire, was last valued at $85 million, according to a source.
Palo Alto Networks would be negotiating the purchase of Clutch Security for $500 million in cash, plus milestone payments, according to conversations reports. The potential transaction would put a price close to 50 times the startup’s annual recurring revenue, specializing in tracking and protecting AI agent credentials.
Palo Alto Networks negotiates to pay 500 million for Clutch Security, a three-year Israeli startup focused on the credentials of AI agents. La entrada Palo Alto Networks negotiates the acquisition of the startup Clutch Security for 500 M$: exit express in cybersecurity aparece primero en Merca2.
Economy: The American company Palo Alto Networks, which specializes in cybersecurity, is engaged in advanced negotiations for the purchase of Israel's Clutch Security startup for about $500 million.
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