Palo Alto Networks paid $500M for Thrive-backed Console, sources say
Bubble signal: +1 · Overheating evidenceRelevance 70FundingUS
Source: TechCrunch AI · Published 2026-09-02
Summary
Palo Alto Networks reportedly acquired Console, an AI IT service automation startup backed by Thrive, for $500 million. The acquisition leaves Sequoia-backed Serval as the de facto leader in the space.
Bubble analysis
This acquisition involves a specific amount, indicating high valuations for AI startups, but it's an individual deal and not direct evidence for or against a bubble.
#acquisition#ai-it-automation#palo-alto-networks
Read original ↗Related signals
linked by shared tags
- Nvidia acquires Hugging Face for $12.93 billion! AI territory extends from compute to model distribution#acquisition
- Nvidia's Multi-Billion Acquisition of Hugging Face Sparks Computing Craze, Accelerating Enterprise AI Adoption#acquisition
- Nvidia buys Hugging Face, the GitHub of AI, for $13 billion#acquisition
- Nvidia confirms it will buy Hugging Face for $12.9 billion#acquisition
- Nvidia is buying Hugging Face for almost $13 billion#acquisition