Palo Alto Networks Acquires Console for $500M in AI IT Automation Push

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Palo Alto Networks has acquired Console, a startup backed by Thrive Capital, for approximately $500 million, according to sources familiar with the deal. The purchase marks a significant move by the cybersecurity giant into the AI-driven IT service automation space. The deal's terms were not officially disclosed by either company. With Console now off the table, industry observers believe Sequoia-backed Serval has emerged as the leading independent startup in the AI IT service automation market.

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