Palo Alto Networks in Talks to Buy Clutch Security for $500 Million

Nov 5, 2026
Palo Alto Networks is reportedly negotiating a roughly $500 million acquisition of Clutch Security, an Israeli startup that secures credentials used by AI agents.

Palo Alto Networks is in talks to acquire Clutch Security for about $500 million, according to The Information, citing people familiar with the negotiations, CTech reports. The talks may not result in a deal. Palo Alto Networks told The Information it does not comment on “rumors or speculation.”

Clutch Security maps and protects nonhuman identities, including API keys, service accounts, tokens and passwords. Its software helps companies manage credentials used by applications, automated tools and AI agents, identify exposed permissions and detect suspicious activity.

Founded in 2023, Clutch Security has raised about $28.5 million across two disclosed funding rounds. An acquisition would be Palo Alto Networks' fifth announced purchase this year and would expand its identity security products following its $25 billion acquisition of CyberArk.

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