Huntr
Facts
- HQ
- Seattle, Washington, USA
- Sectors
- Cybersecurity, Software, Technology
- Stage
- Post-Acquisition
Seattle Cybersecurity Startup Protect AI, Founded by Ian Swanson, Acquired by Palo Alto Networks
Seattle-based cybersecurity startup Protect AI, founded by Ian Swanson and co-founders, was acquired by Palo Alto Networks after addressing AI security gaps in enterprises. Swanson leveraged his experience with previous startups and AWS to pivot Protect AI towards securing large-scale machine learning deployments, coinciding with increased AI adoption following ChatGPT's popularity.
Palo Alto Networks to Acquire Seattle AI Cybersecurity Startup Protect AI for Over $500 Million
Palo Alto Networks plans to acquire Seattle-based AI cybersecurity startup Protect AI, founded in 2022, for an estimated $500 million or more, aiming to strengthen its AI security offerings. Protect AI, which serves Fortune 500 clients and recently raised $60 million at a $400 million valuation, focuses on protecting machine learning systems amid rising AI-related breaches.
