Koi has developed a software engine that uses large language models and AI agents to detect malware and vulnerabilities in applications. Palo Alto Networks has announced it has signed a definitive agreement to acquire Israeli endpoint security company Koi Security. No financial details were disclosed but estimates are that Palo Alto will pay $400 million for the company. “Globes” revealed last month that the acquisition was imminent. The announcement comes less than a week after Palo Alto completed the $25 billion acquisition of Israeli identity security company CyberArk and said it would dual list on the Tel Aviv Stock Exchange (TASE).

Full report : Palo Alto Networks agrees to acquire Israeli endpoint security company Koi Security, sources say for ~$400 million; Koi raised $48 million across two rounds, per PitchBook.