Stanford-StartX Fund is set to exit the IoT security platform developer in a $75m purchase by Palo Alto Networks.

Cybersecurity software provider Palo Alto Networks agreed yesterday to acquire internet-of-things (IoT) security technology developer Zingbox in a $75m transaction that will enable Stanford-StartX Fund, a vehicle linked to Stanford university’s StartX accelerator, to exit. Founded in 2014, Zingbox has created a software platform that uses artificial intelligence and machine learning to detect cyber threats…

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