Palo Alto Networks in Talks to Buy AI Agent Security Startup Clutch for $500 Million

Palo Alto Networks is in talks to acquire Clutch Security, an Israeli startup, for $500 million in cash plus milestone-based payouts. Clutch tracks the passwords and authentication codes AI agents use. The Information first reported the talks; TechCrunch covered them on 5 November 2026. Clutch's annual recurring revenue is approaching $10 million. No agreement has been announced.