Palo Alto Networks Announces Intent to Acquire Portkey
The era of the AI Enterprise has arrived. Today, 81% of enterprises are piloting the use of AI agents or have fully implemented AI agent solutions. We aren't just talking about smart chatbots. We are talking about autonomous agents that execute.
By leveraging APIs and MCP servers, these agents navigate complex workflows, access sensitive data and make real-time, business-critical decisions. The question is no longer if companies will adopt AI agents, but how to securely operationalize them without putting the brakes on innovation.
The Challenge: Expanding Attack Surfaces
AI agents are creating a new and largely invisible attack surface. The risk is not just their independence, but the lack of visibility and accountability. Without a centralized enforcement layer for operational and security controls, every team that deploys an agent may unintentionally expose the enterprise to unauthorized data access and heightened security risks.
To solve this, Palo Alto Networks is redefining security for the agentic era. We recently introduced Prisma® AIRS™ 3.0, the industry’s first platform to secure the entire agentic AI lifecycle. Today, we are accelerating that momentum by announcing our intent to acquire Portkey, a pioneer in AI Gateways.
The Prisma AIRS AI Gateway: From Chaos to Control
Upon closing, we will integrate Portkey’s full-feature AI Gateway into Prisma AIRS as the single unified control plane enterprises need to operationalize and secure AI apps and agents at scale.
Moving from “chaos to control” requires a centralized approach to governance. Currently, many AI initiatives are hindered by fragmented security and a lack of oversight. The AI Gateway solves this by providing a unified vantage point where organizations can enforce consistent policies across all models and agents, ensuring every interaction is identified, authenticated and authorized in real time within a single governed framework.
The Prisma AIRS AI Gateway will establish a mission-critical control plane for the agentic enterprise, enabling teams to move autonomous workloads from development into at-scale production with confidence. With operational features like a unified API to LLMs, an agent registry, semantic routing and caching, the AI Gateway equips enterprises with complete control in one platform. By serving as a centralized enforcement point at the center of Prisma AIRS for all agent traffic, the AI Gateway will provide critical security functions, including Agent Artifact scanning, automated Red Teaming and Runtime Security needed to monitor behavior, route requests and mitigate risks in real time. Crucially, the AI Gateway will reinforce Agent Identity Security via CyberArk, applying strict protocols to ensure every autonomous action is authenticated and governed by least-privilege controls.
Our vision is for the Prisma AIRS AI Gateway to serve as the industry blueprint for enterprises in the agentic era. By making security a foundational component of the operational lifecycle, we are empowering enterprises to build and govern an AI ecosystem that is secure by design.
Why Portkey? The Pioneer in AI Gateways
- Battle-Tested: Portkey’s AI Gateway is already supporting the demands of the modern enterprise, at scale, with several Fortune 500 customers, processing trillions of tokens per month with the low latency that is required for agent-to-agent communication. This ensures that agentic security does not come at the cost of developer speed or application performance.
- Architectural Simplicity: Portkey offers plug-and-play capabilities with just three lines of code required to implement the AI Gateway. The AI Gateway, powered by unified APIs, also provides secure access to 3,000+ LLMs, MCP servers and agents, giving enterprises a flying start to building and executing with AI agents.
- Better Together: Palo Alto Networks and Portkey’s joint vision is to make Prisma AIRS the most ubiquitous platform for AI security. With exceptional AI security by Palo Alto Networks combined with Portkey’s AI Gateway, we will offer a comprehensive AI Security platform.
What’s Next?
The era of AI Enterprises is here. We’re making sure it is secure by design. The complexity of managing agents and securing them has long created friction in enterprises. Following the close of the acquisition, and with the integration of Portkey into Prisma AIRS, we will remove the trade-off between agent autonomy and authority. We are ensuring that as businesses accelerate into the era of autonomous agents, the security architecture isn’t just keeping up, it is setting the pace.
See a demo of the new standard in AI Security – Prisma AIRS
Forward-Looking Statements
This blog contains forward-looking statements that involve risks, uncertainties, and assumptions, including, but not limited to, statements regarding the anticipated benefits and impact of the proposed acquisition of Portkey on Palo Alto Networks, Portkey and their customers. There are a significant number of factors that could cause actual results to differ materially from statements made in this blog, including, but not limited to: the effect of the announcement of the proposed acquisition on the parties’ commercial relationships and workforce; the ability to satisfy the conditions to the closing of the acquisition; the ability to consummate the proposed acquisition on a timely basis or at all; significant and/or unanticipated difficulties, liabilities or expenditures relating to proposed transaction, risks related to disruption of management time from ongoing business operations due to the proposed acquisition and the ongoing integration of other recent acquisitions; our ability to effectively operate Portkey's operations and business following the closing, integrate Portkey’s business and products into our products following the closing, and realize the anticipated synergies in the transaction in a timely manner or at all; changes in the fair value of our contingent consideration liability associated with acquisitions; developments and changes in general market, political, economic and business conditions; failure of our platformization product offerings; risks associated with managing our growth; risks associated with new product, subscription and support offerings; shifts in priorities or delays in the development or release of new product or subscription or other offerings or the failure to timely develop and achieve market acceptance of new products and subscriptions, as well as existing products, subscriptions and support offerings; failure of our product offerings or business strategies in general; defects, errors, or vulnerabilities in our products, subscriptions or support offerings; our customers’ purchasing decisions and the length of sales cycles; our ability to attract and retain new customers; developments and changes in general market, political, economic, and business conditions; our competition; our ability to acquire and integrate other companies, products, or technologies in a successful manner; our debt repayment obligations; and our share repurchase program, which may not be fully consummated or enhance shareholder value, and any share repurchases which could affect the price of our common stock.
Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Quarterly Report on Form 10-Q filed with the SEC on February 18, 2026, which is available on our website at investors.paloaltonetworks.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this blog are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.