TechQuiet 72d · day 72
Palo Alto Networks acquires AI IT automation startup Console for $500M
The cybersecurity giant's purchase of the Thrive-backed startup leaves Sequoia-backed rival Serval as the leading independent player.
What to know
- Palo Alto Networks paid $500M to acquire Console, an AI-powered IT automation startup, valuing it well above its previous $157M valuation.
- The deal consolidates the agentic IT support automation market, leaving Serval as the leading independent startup in the space.
- Console was backed by Thrive Capital at the time of acquisition.
“The acquisition also leaves Sequoia-backed Serval as the de-facto startup leader in AI IT service automation, industry watchers believe.”
TechCrunch · TechCrunch
Palo Alto Networks AcquirerConsole Acquired startupThrive Console backerServal Sequoia-backed competitor
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