Palo Alto Networks in talks to acquire AI agent security startup Clutch for $500M
The reported price would value the three-year-old company at around 50 times its annual recurring revenue.
Cybersecurity giant Palo Alto Networks is in discussions to acquire Clutch Security, a startup that secures AI agents’ access to company systems, for about $500 million in cash plus potential milestone payments, a person familiar with the matter told TechCrunch.