Overview
- Israeli outlet Globes, echoed by other reports, says Palo Alto Networks and Koi Security have signed a preliminary MoU, and no final agreement has been announced.
- Palo Alto Networks declined to comment on the reports, and a person close to the company described them as one of several rumors following CEO Nikesh Arora’s recent Tel Aviv visit.
- If completed, it would be Palo Alto Networks’ first Israel-related deal since founder Nir Zuk stepped down as chief technology officer last year.
- Koi Security’s platform uses large language models and AI agents to scan developer and extension ecosystems, including VSCode Marketplace, Chrome Web Store, NPM, Firefox Store and Homebrew.
- Koi has raised $48 million across two rounds, and the talks come as Palo Alto Networks pursues larger transactions such as the planned Chronosphere ($3.35 billion) and CyberArk (about $25 billion) deals awaiting approvals.