Home ยป Acquisition Alert: Palo Alto Networks Acquires Protect AI to Develop Cutting-Edge AI Security Tools for Organizations

Acquisition Alert: Palo Alto Networks Acquires Protect AI to Develop Cutting-Edge AI Security Tools for Organizations

Palo Alto Networks has announced the acquisition of Protect AI, a cybersecurity startup. The deal, although officially undisclosed, is reported by GeekWire to be around $500 million. Protect AI, valued at $400 million in its latest funding round, was founded by a team of engineers from Amazon and Oracle. It provides a tool for detecting risks within organizations that utilize AI and Machine Learning. As the creation and development of AI models involve more external tools, Protect AI’s tool is crucial in assessing and mitigating risks across different layers to safeguard organizational data.

Additionally, Palo Alto Networks has introduced Prisma AIRS, a tool for managing AI security within organizations. Developed by leveraging technology and the team from Protect AI, Prisma AIRS enables organizations to seamlessly integrate AI deployment across various areas.

TLDR: Palo Alto Networks acquires Protect AI for approximately $500 million, a cybersecurity startup founded by ex-Amazon and Oracle engineers. Protect AI’s tool assesses and mitigates risks within organizations utilizing AI and Machine Learning. In parallel, Palo Alto Networks launches Prisma AIRS for AI security management.

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