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Palo Alto Networks Boosts AI with Chronosphere Deal
20 Nov
Summary
- Palo Alto Networks acquired Chronosphere for $3.35 billion.
- The deal aims to enhance Palo Alto's AI capabilities.
- Palo Alto also raised its annual revenue and profit forecasts.
Palo Alto Networks announced its intention to acquire cloud management and monitoring company Chronosphere for $3.35 billion. This acquisition is aimed at significantly strengthening the cybersecurity firm's artificial intelligence capabilities.
The Santa Clara, California-based company plans to merge Chronosphere's technology with its own Cortex AgentiX platform. This integration will enable the use of AI agents on Chronosphere's data to identify performance issues and autonomously investigate their root causes.
In parallel, Palo Alto Networks has raised its annual revenue and profit forecasts, anticipating a surge in demand for its cybersecurity solutions. The company projects fiscal 2026 revenue between $10.50 billion and $10.54 billion, with adjusted profit per share between $3.80 and $3.90.
