The billionaire founder of Palo Alto Networks started a new cybersecurity company. Here's why many people are calling it 'crazy.' [Business Insider]
Palo Alto Networks, Inc. (PANW)
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This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Nir Zuk founded Palo Alto Networks in 2005, which now has a market cap of $125 billion. He retired last year and told Business Insider exclusively about his new startup, Cylake. It will protect highly regulated companies and organizations that cannot upload their data to the cloud. After more than 25 years building Palo Alto Networks into a $125 billion security giant, billionaire Nir Zuk is making a contrarian bet again. His new startup, Cylake, is rejecting the cloud-based model he once championed, instead building an AI-powered, hardware-based security system for governments, defense contractors, and other highly regulated customers that can't move sensitive data off-premises. Backed by $45 million from Greylock, the same firm that funded Palo Alto in its early days, Zuk is betting that a third of the market has been left behind in the
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News
- TASE Reports the Results of the Financial Statements for the Fourth Quarter and Full Year 2025 [Yahoo! Finance]Yahoo! Finance
- Cylake Launches to Bring Complete, AI-Native, Data-Driven Cybersecurity to Customers that Require Total Data Sovereignty [Yahoo! Finance]Yahoo! Finance
- Siemens delivers verified AI-driven cybersecurity solution for Industrial 5G with Palo Alto Networks [Yahoo! Finance]Yahoo! Finance
- Siemens delivers verified AI-driven cybersecurity solution for Industrial 5G with Palo Alto NetworksPR Newswire
- Palo Alto Networks (PANW) was upgraded by Wells Fargo & Company to "strong-buy".MarketBeat
PANW
Earnings
- 2/17/26 - Beat
PANW
Sec Filings
- 3/4/26 - Form 4
- 3/3/26 - Form 4
- 2/19/26 - Form SC
- PANW's page on the SEC website