AI Security Pioneer Protect AI To Be Acquired by Palo Alto Networks

Protect AI, a leader in AI cybersecurity, has entered into a definitive agreement to be acquired by Palo Alto Networks. This acquisition marks a significant milestone in the AI security landscape, enhancing the capabilities of both companies in delivering innovative solutions.

Orrick advised Protect AI in the transaction and the firm’s global team of advisors has represented the company since its incorporation, including in multiple venture capital investment rounds, technology transactions and international acquisitions.

THE COMPANIES

Protect AI is at the forefront of developing cutting-edge security solutions for AI and Machine Learning applications and models. Their expertise and technology have been instrumental in advancing the security measures necessary for AI applications across various industries.

Palo Alto Networks is a global cybersecurity leader dedicated to protecting our digital way of life via continuous innovation. They provide comprehensive AI-powered security solutions across network, cloud, security operations and AI.

THE IMPACT

The acquisition will facilitate the integration of Protect AI’s advanced security technologies into Palo Alto Networks’ broad range of cybersecurity solutions. It will also enhance the protection of AI systems against emerging threats and support the development of more secure AI-driven applications.

"As AI-powered applications become core to businesses, they bring risks traditional security tools can't adequately handle. By extending our AI security capabilities to include Protect AI's innovative solutions for Securing for AI, businesses will be able to build AI applications with comprehensive security. With the addition of Protect AI's existing portfolio of solutions and team of experts, Palo Alto Networks will be well-positioned to offer a wide range of solutions for customers' current needs, and also be able to continue innovating on delivering new solutions that are needed for this dynamic threat landscape," shared Anand Oswal, SVP and GM at Palo Alto Networks.

"Joining forces with Palo Alto Networks will enable us to scale our mission of making the AI landscape more secure for users and organizations of all sizes. We are excited for the opportunity to unite with a company that shares our vision and brings the operational scale and cybersecurity prowess to amplify our impact globally," shared Ian Swanson, Co-Founder & CEO of Protect AI.

THE TEAM

Greg Heibel and Mark Seneca led the Orrick team that advised Protect AI. The team also included Stephen Chao, Sky Stallbaumer, Amanda Morales, Adam Krueger, and Julia Foley.

LEARN MORE

Palo Alto Networks’ news release