Palo Alto Networks to acquire Seattle startup Protect AI in deal reported above $500 million

Seattle-based Protect AI, founded in 2022 to secure machine-learning systems and serving Fortune 500 clients, is being acquired by Palo Alto Networks; sources report the deal is worth over $500 million after Protect AI raised $60 million in a 2024 Series B at a $400 million valuation. Palo Alto plans to integrate Protect AI into its Prisma AIRS platform to expand AI security capabilities.

IIan Swanson DDaryan Dehghanpisheh