Sources: Palo Alto Networks paid $500M in cash and stock to acquire agentic IT support startup Console; PitchBook: Console was valued at $157M before the sale (Marina Temkin/TechCrunch)

Palo Alto Networks paid $500 million in cash and stock to acquire agentic IT-support startup Console, which PitchBook valued at $157 million prior to the transaction. The deal expands Palo Alto’s portfolio in autonomous IT operations, integrating Console’s technology into its broader security offerings.