Palo Alto Networks to acquire Portkey, terms not disclosed

Palo Alto Networks (PANW) announced its intent to acquire Portkey, a pioneer in AI Gateways. Portkey delivers a critical centralized control plane to manage and protect autonomous AI agents, already processing trillions of tokens per month with the low latency required for agent-to-agent communication. By ensuring that security governance never comes at the expense of developer speed, Portkey allows enterprises to accelerate AI innovation with confidence. Following the close, Palo Alto Networks will continue to support existing and new Portkey customers, who will also be able to benefit from the tighter integration with Prisma AIRS as part of a comprehensive AI Security platform. Subject to customary closing conditions, the transaction is expected to close in Palo Alto Networks fourth quarter in fiscal 2026.