● Covered by 2 sources · 2 reportsMedium impact2 neutral
Palo Alto Networks Acquires AI Agent Platform Console to Enhance Cortex Capabilities
Key points
- Palo Alto Networks acquired AI agent platform Console.
- Console automates operational tasks using natural language.
- Technology will be integrated into Palo Alto's Cortex platform.
- Aims to automate security alert resolution and remediation.
- Palo Alto Networks paid $500 million in cash and stock.
- Console is a two-year-old startup.
- Console raised $29 million across two funding rounds.
- Thrive Capital led Console's $6.2 million seed round.
- DST Global and Thrive co-led Console's $23 million Series A.
- Console was valued at $157 million before the sale.
- Palo Alto Networks CEO Nikesh Arora was an angel investor in Console.
Palo Alto Networks Acquires Console
Palo Alto Networks announced its acquisition of Console, an AI-native platform. Console specializes in helping organizations create agentic workflows and automate operational tasks through natural language commands. The financial terms of the acquisition were not disclosed.
Integration with Cortex Platform
The cybersecurity company stated that Console's technology will deepen the agentic capabilities of its Cortex platform. This integration is intended to enable security teams to investigate signals, prioritize work, and automatically take action across enterprise environments. Console's system allows users to describe an operational objective in natural language, with AI agents then performing the necessary analysis and actions.
Impact on Security Operations
Palo Alto Networks expects this acquisition to help organizations resolve security alerts, issues, and requests at machine speed. CEO Nikesh Arora noted that customers will be able to interact directly with data and build agentic workflows in natural language to automatically alert and remediate issues.
Financial Context
The acquisition announcement coincided with Palo Alto Networks' financial results for the fourth quarter of fiscal 2026. The company reported a 34% year-over-year revenue increase to $3.41 billion for the quarter ending July 31. Remaining performance obligations also rose by 34% to $21.2 billion. Despite a GAAP net loss of $282 million for the quarter, the company added nearly $1 billion in net new next-generation security ARR and projects fiscal 2027 revenue between $14.1 billion and $14.2 billion.
Updates
- Palo Alto Networks paid $500 million in cash and stock.
- Console is a two-year-old startup.
- Console raised $29 million across two funding rounds.
- Thrive Capital led Console's $6.2 million seed round.
- DST Global and Thrive co-led Console's $23 million Series A.
- Console was valued at $157 million before the sale.
- Palo Alto Networks CEO Nikesh Arora was an angel investor in Console.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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How outlets covered it
Palo Alto Networks acquired Console, an AI agent startup automating IT help desk tasks, for $500 million in cash and stock. This acquisition integrates Console's agentic functionality into Palo Alto's Cortex platform to enhance autonomous security operations by allowing security teams to resolve alerts using natural language.
Palo Alto Networks has acquired Console, an AI-native platform that enables organizations to build agentic workflows and automate operational tasks using natural language. This acquisition will integrate Console's technology into Palo Alto's Cortex platform, allowing security teams to automate investigation, prioritization, and action across enterprise environments.