---
title: "Palo Alto Networks paid $500M for Thrive-backed Console, sources say"
type: signal
url: https://frontiernewswire.com/s/palo-alto-networks-paid-500m-for-thrive-backed-console-sources-say-vca24c75c
published: 2026-09-02T22:44:56.000Z
byline: "Source: TechCrunch AI"
---

# Palo Alto Networks paid $500M for Thrive-backed Console, sources say

Source: TechCrunch AI · Published 2026-09-02 · Canonical: https://frontiernewswire.com/s/palo-alto-networks-paid-500m-for-thrive-backed-console-sources-say-vca24c75c

The acquisition also leaves Sequoia-backed Serval as the de facto startup leader in AI IT service automation, industry watchers believe.

In this story: [Sequoia](https://frontiernewswire.com/companies/sequoia), [Palo Alto Networks](https://frontiernewswire.com/companies/palo-alto-networks), [Console](https://frontiernewswire.com/companies/console)

## Sources

- [Read the original at TechCrunch AI](https://techcrunch.com/2026/09/02/palo-alto-networks-paid-500m-for-thrive-backed-console-sources-say/)

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