Cybersecurity firm Palo Alto Networks (Nasdaq: PANW) has entered right into a definitive settlement to accumulate AI cybersecurity firm Shield AI. “Globes” was the primary to report earlier this month that Palo Alto Networks, based by CTO Nir Zuk, was set to purchase the US firm for an estimated $650-700 million.
Palo Alto Networks mentioned that this strategic acquisition is a dedication to remaining on the forefront of next-generation cybersecurity innovation, and increasing its capabilities to guard the dynamic new assault floor created by the explosion of AI.
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Shield AI, a US cybersecurity firm based by native entrepreneurs, however with a number of Israelis concerned – together with Shlomo Kramer, a serial cybersecurity investor as an angel investor, and Israeli BigID CEO Dmitri Sirota as a former advisor and seed investor within the firm’s first financing spherical in 2022. Shield AI’s traders embody a number of outstanding funds with Israeli companions in senior positions – Evolution Companions, whose companions embody Yuval Ben-Itzhak and Advisors 01, whose companions embody David Fischer, the son of former Financial institution of Israel Governor Stanley Fischer.
Palo Alto Networks SVP and GM Anand Oswal mentioned, “As AI-powered functions turn into core to companies, they carry dangers conventional safety instruments cannot adequately deal with. By extending our AI safety capabilities to incorporate Shield AI’s progressive options for Securing for AI, companies will be capable of construct AI functions with complete safety. With the addition of Shield AI’s current portfolio of options and staff of specialists, Palo Alto Networks will probably be well-positioned to supply a variety of options for purchasers’ present wants, and likewise be capable of proceed innovating on delivering new options which are wanted for this dynamic menace panorama.”
Printed by Globes, Israel enterprise information – en.globes.co.il – on April 28, 2025.
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