Palo Alto Networks to Acquire Portkey AI Gateway Platform

Palo Alto Networks announced its intent to acquire Portkey, a pioneer in AI Gateway technology that processes trillions of tokens per month with low latency for agent-to-agent communication. The acquisition, expected to close in Palo Alto Networks' fourth quarter of fiscal 2026, will integrate Portkey as the AI Gateway for Prisma AIRS to inspect AI traffic and enforce security and governance policies at runtime. Portkey provides access to over 3,000 LLMs and MCP tools via a unified interface while enabling 99.99% uptime through semantic routing and automated failovers. Palo Alto Networks, trusted by 70,000+ customers and powered by Unit 42 threat intelligence, will continue supporting existing and new Portkey customers following the acquisition close.

Acquisition of Portkey as AI Gateway Control Plane

• ▪The Palo Alto Networks acquisition of Portkey is expected to close in Palo Alto Networks fourth quarter in fiscal 2026
• ▪Palo Alto Networks announced its intent to acquire Portkey, a pioneer in AI Gateways

Security and Governance Capabilities for Autonomous AI Agents

• ▪Lee Klarich is Chief Product & Technology Officer of Palo Alto Networks
• ▪Portkey will apply strict least-privilege controls to every agent interaction through AI Identity Security enforcement

Technical Infrastructure and Operational Benefits

• ▪Portkey enables organizations to achieve 99.99% uptime for autonomous workloads through semantic routing and automated failovers
• ▪Portkey provides access to over 3,000 LLMs and MCP tools via a unified interface
• ▪Palo Alto Networks is powered by Unit 42 threat intelligence
• ▪Palo Alto Networks is trusted by 70,000+ customers

Perspective of Palo Alto Networks

• ▪Palo Alto Networks views the Portkey acquisition as strengthening its position in AI security through unified policy enforcement across AI models and agents
• ▪Palo Alto Networks positions Portkey's AI Gateway technology as critical infrastructure for securing autonomous AI workloads at runtime

Perspective of Existing Portkey customers

• ▪Existing Portkey customers receive assurance that Palo Alto Networks will continue supporting them following the acquisition close
• ▪Portkey customers may benefit from integration with Palo Alto Networks' broader security ecosystem and Unit 42 threat intelligence