# Palo Alto Networks has acquired AI gateway and observability start-up Portkey.

*genai · news · 2026-05-01 · The Hindu Business Line*

## Key points

- Palo Alto Networks has acquired AI gateway start-up Portkey, with deal terms undisclosed.
- The acquisition is expected to close in Q4 of Palo Alto Networks’ fiscal year 2026.
- Portkey's AI gateway now powers billions of calls and manages critical AI production workloads.
- Portkey raised $15 million from Elevation Capital in February 2026 before the acquisition.

**Companies:** Palo Alto Networks, Portkey

[Read the full story on The Hindu Business Line](https://www.thehindubusinessline.com/info-tech/palo-alto-networks-to-acquire-elevation-backed-ai-gateway-start-up-portkey/article70928135.ece)

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