Palo Alto Networks stumps up $75m for IoT start-up – Tech Check News

Palo Alto has inked a definitive agreement to acquire Internet of Things (IoT) start-up Zingbox for $75m (£60.8m). San Francisco-based Zingbox was established in 2014 and had raised $23.5m in funding rounds prior to its purchase by the security vendor. It is the second acquisition of 2019 for the vendor after it splashed out $560m for Israeli start-up Demisto . Palo Alto stated that it will incorporate Zingbox's artificial intelligence (AI) and machine-learning capabilities into its own Firewall and Cortex platforms.