InfoNews
Palo Alto Networks in talks to buy AI agent security startup Clutch for $500M
- Published
- Record updated
Summary
Palo Alto Networks is reportedly in talks to acquire Clutch Security, a startup that secures AI agents' access to company systems, for $500 million in cash plus milestone-based payouts, according to a person familiar with the discussions. Clutch was last valued at $85 million when it raised a $20 million Series A round in January 2025, and it is approaching $10 million in annual recurring revenue, which would make the price about 50 times ARR.