News

Palo Alto Networks paid $500M for Thrive-backed Console, sources say | TechCrunch

  • Marina Temkin--TechCrunch
  • published date: 2026-09-02 22:45:36 UTC

The acquisition also leaves Sequoia-backed Serval as the de facto startup leader in AI IT service automation, industry watchers believe.

Palo Alto Networks paid $500 million in cash and stock to acquire Console, a two-year-old startup that uses AI agents to automate routine IT help desk tasks, according to two people with knowledge of… [+2325 chars]