Palo Alto Networks could pay $500 million for Clutch Security
Palo Alto Networks is in talks to acquire Clutch Security, a startup that secures AI agents’ access to company systems, for $500 million in cash plus additional milestone-based payouts. The discussion involves a three-year-old company that was last valued at $85 million after a $20 million Series A round in January 2025. Acquisition terms and valuation Clutch is currently approaching $10 million in annual recurring revenue, or ARR. If the…