TechCrunch reported on 5 November that Palo Alto Networks is in talks to buy Clutch, an AI agent security startup, for $500M in cash plus milestone payments. The figure rests on one unnamed person familiar with the discussions, and TechCrunch’s reading is that it values Clutch at about 50 times ARR, which is certainly a multiple.
Palo Alto reports earnings on 18 November, though nothing says it will mention it.
Sources: TechCrunch · PR Newswire via Finviz
