Palo Alto Networks Buys Thrive‑Backed Console for $500M

Palo Alto Networks acquired Console, an AI IT service automation startup backed by Thrive Capital, for $500 million. The deal positions Palo Alto in the growing AI‑driven IT automation market, while leaving Sequoia‑backed Serval as the de‑facto startup leader in the space. The move signals strong investor confidence and could spur further consolidation in the sector.