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RSAC ISBISB 2009IPO

Palo Alto Networks

Network Security

Next-generation firewall platform with application-aware traffic inspection.

Founded
2005
ISB Year
2009
Raised
$65M

Funding & Investors

Total Funding

$65M

Key Investors
Greylock PartnersSequoia CapitalGlobespan Capital Partners

Outcome

IPO

IPO in 2012; market cap over $100B as of 2025

Lesson Learned

The biggest success story among all Innovation Sandbox finalists. Didn't need to win the contest. Lesson: product-market fit in next-gen firewalls created a generational company.