Palo Alto Networks acquires Console in $500M AI automation deal

Palo Alto Networks confirmed on September 1, 2026 that it has acquired Console, a two year old startup that uses AI agents to automate IT help desk and access tasks, and will fold it into its Cortex security platform. Reporting from TechCrunch says the cash and stock deal is worth about $500 million, well above Console’s last private valuation of $157 million.([paloaltonetworks.com](https://www.paloaltonetworks.com/company/press/2026/palo-alto-networks-acquires-console-to-agentify-security))