Palo Alto Networks buys the AI Agent seed company Console for $500 million

According to TechCrunch, Palo Alto Networks announced the purchase of Console, an AI Agent pioneer company, in the form of $500 million in cash plus equities. Console was founded in 2024 and uses AI Agent to carry out tasks such as password resetting, application access, and daily IT failure screening, with clients including Ramp, Flock Safety and Scale AI. Palo Alto Networks plans to integrate Console into its AI-driven security platform Cortex to enable the security team to investigate and process security alerts in natural languages. This is the seventh purchase by Palo Alto Networks this year, which purchased Chronosphere with a value of $335 million and 400 million for the network security start-up company Koi。