Liquidity Events
AI infra startup Portkey acquired by US-based cybersecurity co. Palo Alto Networks
Santa Clara, CA (USA)- based cybersecurity firm Palo Alto Networks is to acquire Bengaluru- and San Francisco, CA (USA)-based AI infrastructure startup Portkey .Founded in 2023 by Ayush Garg and Rohit Agarwal, Portkey operates an LLMOps platform that functions as a single access layer for AI models, enabling enterprises to manage AI interactions, including routing requests across models, traffic management, and preventing disruptions with fallback systems. It also provides tools for tracking model usage, enforcing policies, and real-time cost monitoring.Palo Alto Networks plans to integrate Portkey’s AI gateway into its Prisma AIRS platform to secure AI applications and agents at scale. This acquisition aligns with Palo Alto Networks' strategy to develop a comprehensive AI security stack, addressing new attack surfaces created by the proliferation of AI agents.
Between Aug 2023 and Feb 2026, Portkey had attracted about USD 18 M from Elevation Capital, Lightspeed Ventures and others.For FY25, Portkey had reported about INR 5 Cr in Operating Income and about INR 0.3 Cr in PAT.
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