Protect AI Not Acquired by Palo Alto Networks; Recent Funding and Leadership Update

Published 1 hours agoPANW

Protect AI Not Acquired by Palo Alto Networks; Recent Funding and Leadership Update

As of April 28, 2025, no public confirmation is available regarding an acquisition of Protect AI by Palo Alto Networks. The latest development for Protect AI was its successful Series B financing, completed on August 1, 2024, where the company raised $60 million. This funding round was led by Evolution Equity Partners and saw involvement from 01 Advisors, StepStone Group, Samsung, and existing investors.

On February 20, 2025, Protect AI appointed Ralph Pisani as Chief Revenue Officer. This strategic hiring aims to spearhead the company's next growth phase. Ralph Pisani brings significant experience to the role, hoping to enhance Protect AI's market presence and expand its customer base.

Palo Alto Networks has been actively enhancing its AI capabilities. Notably, in October 2023, it acquired Dig Security for around $400 million, as reported by SiliconANGLE. Additionally, a partnership launched in May 2024 saw Palo Alto Networks team up with IBM to deliver AI-powered security solutions. Despite these moves, there remains no indication of a Protect AI acquisition by Palo Alto Networks.

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Protect AI Not Acquired by Palo Alto Networks; Recent Funding and Leadership Update

Protect AI Not Acquired by Palo Alto Networks; Recent Funding and Leadership Update

1 hours agoPANW

As of April 28, 2025, no public confirmation is available regarding an acquisition of Protect AI by Palo Alto Networks. The latest development for Protect AI was its successful Series B financing, completed on August 1, 2024, where the company raised $60 million. This funding round was led by Evolution Equity Partners and saw involvement from 01 Advisors, StepStone Group, Samsung, and existing investors. On February 20, 2025, Protect AI appointed Ralph Pisani as Chief Revenue Officer. This strategic hiring aims to spearhead the company's next growth phase. Ralph Pisani brings significant experience to the role, hoping to enhance Protect AI's market presence and expand its customer base. Palo Alto Networks has been actively enhancing its AI capabilities. Notably, in October 2023, it acquired Dig Security for around $400 million, as reported by SiliconANGLE. Additionally, a partnership launched in May 2024 saw Palo Alto Networks team up with IBM to deliver AI-powered security solutions. Despite these moves, there remains no indication of a Protect AI acquisition by Palo Alto Networks.