[Palo Alto Networks in Talks to Acquire AI Security Company Clutch for $500 Million] According to a report by TechCrunch on November 6th, Palo Alto Networks is in talks to acquire AI agent security startup Clutch Security. The offer includes $500 million in cash and additional milestone payments. Clutch provides security for AI agents accessing enterprise systems. Sources say the company was valued at $85 million in a $20 million Series A funding round led by Lightspeed and SignalFire in January 2025, and currently has annual recurring revenue approaching $10 million. Neither company responded to requests for comment.