Sources: Palo Alto Networks paid $500M in cash and stock to acquire agentic IT support startup Console; PitchBook: Console was valued at $157M before the sale (Marina Temkin/TechCrunch)

Palo Alto Networks has acquired Console, an agentic IT support startup, for $500 million in cash and stock. Console, a two-year-old company, specializes in using AI agents to automate routine IT tasks. Before this acquisition, PitchBook valued Console at $157 million. This strategic move by Palo Alto Networks aims to enhance its capabilities in automated IT support.