Palo Alto Networks paid $500M for Thrive-backed Console, sources say
The acquisition also leaves Sequoia-backed Serval as the de-facto startup leader in AI IT service automation, industry watchers believe.
The reported $500 million price tag for Console is less about the product and more about the strategic vacuum it fills. Palo Alto Networks is not buying a tool; it is buying a position in the enterprise's AI operations layer, where the cost of being late is measured in lost platform lock-in.
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