Palo Alto Networks agrees to acquire Portkey, which develops AI gateway tech to manage and secure AI agents; sources say the deal values Portkey at $120M-$140M (The Economic Times)
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- Palo Alto Networks will acquire Portkey in a transaction valued between $120 million and $140 million, according to sources.
- Portkey supplies an AI gateway that authenticates, monitors, and enforces policies on AI agents across cloud and on‑prem environments.
- Google is rapidly embedding its Gemini AI into Chrome for millions of users and extending the service to macOS, raising the demand for secure AI integration.
- Microsoft faces at least a three‑month slowdown in OpenAI services, highlighting vulnerabilities in current AI infrastructure.
- The Economic Times reported the acquisition, while the New York Times ran a story on legacy internet services, highlighting the fast‑moving tech environment.
Why it matters: Palo Alto Networks gains a $120‑$140 million AI‑security platform, giving enterprises a tool to protect AI agents as Google rolls out Gemini and Microsoft grapples with OpenAI delays, tightening the market for AI governance solutions.
