Cybersecurity company Palo Alto Networks is in talks to acquire Israeli Clutch Security for USD 500 million. The Information reports this.
Clutch Security was founded three years ago and develops security solutions for AI agents, including password management and authentication. The company has raised more than USD 20 million from investors such as Lightspeed and SignalFire.
The acquisition would strengthen Palo Alto Networks’ position in identity and access security following its purchase of Cyberark for around USD 25 billion earlier this year.
The deal would be the company’s fifth announced acquisition of the year if completed.
