Palo Alto Networks to Acquire Observability Platform Chronosphere in $3.35 Billion Deal

The move to acquire Chronosphere is the latest of several acquisitions in recent years and follows a massive $25 billion deal to acquire CyberArk.

Palo Alto Networks (NASDAQ: PANW) announced on Wednesday that it has agreed to acquire observability platform provider Chronosphere in a deal valued at $3.35 billion.

Chronosphere explains that its platform enables teams to “zero in on the data that’s most useful” and provides insights into every layer of their stack — from the infrastructure to the applications to the business.

Palo Alto said the combined solution of Chronosphere’s observability platform with Palo Alto’s AgentiX will deploy AI agents on massive amounts of data monitored by Chronosphere’s platform to detect performance issues, autonomously investigate the root cause, and close the loop with agentic remediation.

“The foundational requirement for every modern AI data center is constant uptime and resilience, which demands real-time, always-on observability ...