Palo Alto Networks in talks to acquire AI agent security startup Clutch Security
Overview
Palo Alto Networks is in talks to acquire Clutch Security, a startup that secures AI agents' access to company systems, for $500 million in cash plus milestone-based payouts, according to a person familiar with the discussions.
TechCrunch reports the figure from that source. Neither company responded to requests for comment.
Clutch was last valued at $85 million when it raised a $20 million Series A in January 2025. It is approaching $10 million in annual recurring revenue, which TechCrunch calculates implies a price of about 50 times ARR.
Written by AI from the articles below · updated Nov 6, 2:09 AM ET
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- TechCrunch · AINewsPalo Alto Networks in talks to buy AI agent security startup Clutch for $500M
AIPalo Alto Networks is in talks to acquire Clutch Security, a startup that secures AI agents' access to company systems, for $500 million in cash plus milestone-based payouts, according to a person familiar with the discussions. Clutch was last valued at $85 million when it raised a $20 million Series A in January 2025, and is approaching $10 million in annual recurring revenue, implying about 50 times ARR. Palo Alto Networks and Clutch did not respond to requests for comment.
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