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Palo Alto Networks Pays $500M for Console

Palo Alto Networks Pays $500M for Console

Exits & M&A

Palo Alto Networks paid about $500 million in cash and stock for Console, an AI agent startup that automated IT help-desk tasks like password resets and app-access provisioning, TechCrunch reported September 2, 2026. The deal came 15 months after Console's Thrive Capital-led seed, marking up its $157 million valuation about 3x, and confirms CEO Nikesh Arora's angel bet paid off.