AI Index / Palo Alto Networks, Inc.
Palo Alto Networks, Inc. (PANW)
Palo Alto Networks -- a cybersecurity company specializing in network security, cloud security through Prisma Cloud, and security operations via Cortex -- taps into AI across its offerings, including in XSIAM, which enhances security operations by automating threat detection and response. Newer AI-focused solutions like AI Access and AI Security Posture Management address security for AI applications. The company reports over $200 million in AI Annual Recurring Revenue (ARR).
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Central to stopping threats of the future is a robust AI and automation platformization strategy and data is at the heart of it all. Our approach is to ingest all relevant security data once, stitch and analyze this with Precision AI technology, and natively automate end-to-end workflows.
- Nikesh Arora
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Quotes from palo-alto-networks Executives About Artificial Intelligence and Generative AI
With the recent upgrade of our products to be able to solve AI use cases, we continue to feel positively about strength in public cloud deployed software firewalls.
- Nikesh Arora
Our expanded Cortex footprint was driven by the customer's confidence that we are helping them identify and stop attacks. Overall, these are representative of our large deal momentum where we saw 305 transactions over $1 million, up 13%, and 60 transactions over $5 million, up 30% this quarter.
- Nikesh Arora
...we have made significant progress since its release of GA about two years ago. We continue to deliver both strong innovation and commercial momentum with XSIAM, released over 400 new machine-learning detection modules leveraging Precision AI...
- Nikesh Arora
...we also launched another program for managed security providers as customers to enable partners to deliver security services in their customer cloud environment... we're moving swiftly to adopt that into our products.
- : Nikesh Arora