Palo Alto Networks Announces Formation of Venture Fund to Radically Change Future of Security Innovation

It will feed a new model for the development and consumption of security applications; Entrepreneurs and Developers will benefit from accelerated market access opportunities

Palo Alto Networks® (NYSE: PANW), the next-generation security company, today announced that it is forming a $ 20 million security risk fund. The fund will provide capital investments in the early stages to drive the development of innovative security applications for Palo Alto Networks Next Generation Security Platform (see Palo Alto Networks Ushers in the Future of Security Innovation with New Application Framework Based on Cloud).

The fund will target seed companies, principles and growth stages with a cloud-based approach. These companies can accelerate their routes to the market for their respective technologies by developing cloud-based applications based on the Palo Alto Networks platform and the new Palo Alto Networks Application Framework with the participation of tens of thousands Of Palo Alto Networks customers.

The fund hopes to collaborate with Greylock Partners and Sequoia Capital to identify and evaluate innovative security applications for possible joint venture.

By providing capital, the fund will enable security entrepreneurs and marketers to focus on developing high-value functionalities for customers, rather than developing the infrastructure and data warehouses necessary to effectively deliver their applications and establish themselves in the market.

Investments in enterprise security companies are designed to accelerate the development of new security applications for the Palo Alto Networks platform. These applications will help client organizations access, evaluate, and adopt new advanced security capabilities and enable cloud-supplied security applications from different vendors as their security needs change.

QUOTES

•     "This new fund will build on our reputation for developing innovative, next-generation security technologies and demonstrate the excellent momentum we have achieved with our partner ecosystem of security, which is an essential part of our mission to help organizations prevent Cybercrimes by inspiring and accelerating a wave of security innovation in a model that can be easily accessed and deployed by customer organizations. "
•     - Chad Kinzelberg, Senior Vice President of Corporate and Corporate Development at Palo Alto Networks
•     "Palo Alto Networks' new application development model represents a significant milestone for the security industry, and has great potential for customers, business owners and developers." We are excited to be working with Palo Alto Networks to help entrepreneurs accelerate the development of cloud applications. Serving a growing customer base that includes tens of thousands of the world's top customers. "
•     - Asheem Chandna, Partner of Greylock Partners
•     "Many of the early stages of setting up security companies have excellent ideas, but they strive to reach out to customers. By leveraging this background and application framework, companies can get their technologies to market faster and in the hands of Customers of Palo Alto Networks. "

Forward Looking Statements

This press release contains forward-looking statements that include risks and uncertainties, including statements about the formation of a Palo Alto Networks venture capital fund and its expectations with respect to the benefits associated with the fund. There are a number of factors that could cause the actual profits and expectations with respect to the fund to differ materially from the statements made in this press release, including the inexperience of Palo Alto Networks making capital investments at an early stage and their ability to identify And managing investment opportunities.

All forward-looking statements contained in this press release are based on the information available to Palo Alto Networks as of the date hereof and the company assumes no obligation to update the forward-looking statements provided to reflect events occurring or circumstances Thereafter the date they were made.

About Palo Alto Networks

Palo Alto Networks is the next-generation security company, leading a new era in cyber security through application security and cyber-crime prevention in tens of thousands of organizations around the world. Built with an innovative approach and highly differentiated cyber-threat prevention capabilities, our game-changing security platform delivers security far superior to legacy products, enables day-to-day business operations and protects the most valuable assets of an organization.