Palo Alto Networks set to acquire Elevation and Lightspeed-backed Portkey

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AI Infrastructure

By StartupStory | May 1, 2026

Palo Alto Networks is set to acquire Portkey to strengthen its enterprise AI security capabilities, as businesses scale the utilize of autonomous agents.

The California-based firm plans to integrate Portkey into its Prisma AIRS platform, where it will function as a centralized AI gateway to monitor, route and secure AI-driven interactions across enterprise environments. The shift tarobtains a growing gap in AI security as organizations shift from copilots to autonomous systems that operate with high levels of access across internal and external workflows.

Portkey provides infrastructure to manage AI agents at scale, processing trillions of tokens every month with low latency. Its platform enables runtime inspection of AI traffic, enforces governance policies, and applies identity-based controls to regulate agent behavior. It also offers semantic routing, failover capabilities, telemeattempt and audit logs to ensure reliability and visibility across deployments.

The integration is expected to assist enterprises consolidate fragmented AI tooling into a unified control layer, while improving oversight and reducing operational costs through features such as caching and usage limits. It also supports access to a wide range of large language models and tools through a single interface.

Founded in Bengaluru, Portkey builds software that assists developers and enterprises design, deploy and manage AI applications and autonomous agents in production environments.

The acquisition comes less than 2.5 months after Portkey raised $15 Mn in a Series A round led by Elevation Capital and Lightspeed. Earlier, it had secured $3 Mn in a seed round led by Lightspeed in August 2023.

Palo Alto Networks will continue to support Portkey’s existing customer base after the deal closes, which is expected in the fourth quarter of its fiscal year 2026.