Cybersecurity heavyweight Palo Alto Networks is reportedly in advanced talks to acquire SentinelOne in a potential all-cash or stock deal valued between ₹66,720 crore and ₹83,400 crore ($8 billion and $10 billion). The development, first reported by CTech citing industry rumours, has not yet been officially confirmed by either party.
A spokesperson for Palo Alto Networks declined to comment on “rumour or speculation” when approached by SDxCentral. Despite the silence, shares of SentinelOne jumped significantly on the news, peaking at ₹1,730 ($20.77) from an earlier ₹1,506 ($18.09 ), before settling slightly lower.
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Founded in 2013, SentinelOne is known for its AI-powered cybersecurity platform “Singularity,” which provides autonomous endpoint protection and extended detection and response (XDR) capabilities. The firm has expanded its offerings through strategic acquisitions, including its ₹51,300 crore ($616.5 million) purchase of Attivo Networks in 2022 and its more recent acquisition of Bengaluru-based PingSafe and the Krebs Stamos Group.
The rumoured buyout comes just days after Palo Alto Networks closed its acquisition of Protect AI, an AI security firm reportedly bought for over ₹4,170 crore ($500 million). Anand Oswal, SVP and GM of network security at Palo Alto Networks, called Protect AI a key addition to the company’s Prisma AIRS platform, enhancing its ability to safeguard AI ecosystems.
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This marks the second time SentinelOne has been linked to acquisition talks. In 2023, rival cloud security firm Wiz had explored a purchase, but the deal fell apart after SentinelOne ended the partnership, citing Wiz’s “lack of execution.”
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Wiz itself is now under a ₹2,66,880 crore ($32 billion) takeover by Google, which recently received DOJ clearance for the deal. If completed, it would be the most expensive acquisition in Google’s history, closing by 2026.
SentinelOne also recently announced a partnership with CyberArk to integrate identity data protection into its platform, focusing on defending against abuse of privileged access.
However, political controversy has loomed over the company since it hired former U.S. cybersecurity chief Chris Krebs. In April, former President Donald Trump suspended SentinelOne’s security clearances, citing Krebs’s dismissal of 2020 election fraud claims.