Business and InvestmentMedium importance

Palo Alto Networks in talks to buy Clutch, which protects AI agents' credentials, for US$ 500 million

Palo Alto Networks is in talks to buy Israeli startup Clutch Security for US$ 500 million in cash, plus milestone payments, according to a TechCrunch source (The Information reported it first). Three-year-old Clutch monitors and protects the passwords, tokens and keys that AI agents use to access company systems. It was valued at US$ 85 million in its January 2025 Series A and is approaching US$ 10 million in annual recurring revenue, which would mean about 50 times ARR. Neither company commented; the deal may not happen.