Palantir Technologies (PLTR) is an American software company with a focus on big data analytics. The company was founded in 2003 by Peter Thiel, Alex Karp, Stephen Cohen, Joe Lonsdale, Nathan Gettings with headquarters in Denver, Colorado. The company went public on September 30, 2020, and trades on the New York Stock Exchange (NYSE) under the ticker PLTR.
Palantir offers solutions that support many kinds of data, including structured, unstructured, relational, temporal, and geospatial. It offers a suite of software applications for integrating, visualizing, fighting fraud, and analyzing data with operations worldwide.
The company’s main products include Palantir Metropolis and Palantir Apollo. Palantir Metropolis offers software for data integration, information management, and quantitative analytics. The software links to commercial, proprietary, and public data sets and discovers trends, relationships, and anomalies. Palantir Apollo enables customers to use multiple public and private cloud platforms as part of their infrastructure.
Palantir Technologies main competitors
- Altair Monarch
- IBM Data Refinery
- TIMi Suite
Key Palantir Technologies Milestones
In 2014, U.S. Immigration and Customs Enforcement (ICE) contracted Palantir in a $41 million deal to establish and maintain a new intelligence system dubbed Investigative Case Management (ICM). The system is used to track the personal and criminal records of legal and illegal immigrants.
In 2019, Palantir replaced Google in a defense contract under the Project Maven initiative. Google opted out of the project, terminating its services to continue developing AI unmanned drones used for bombings and intelligence gathering.
In 2012, the U.S. military intelligence used the Palantir product to improve their ability to predict locations of improvised explosive devices in its war in Afghanistan.
In April 2020, Palantir was one of four large technology firms that worked with NHS on supporting COVID-19 efforts through the provision of software from Palantir Foundry. The company’s technology was used to track and contain the pandemic.
In December 2020, Palantir won a $44.4 million contract from the U.S. Food and Drug Administration, boosting its shares by about 21%.
Palantir Frequently Asked Questions
Does Palantir pay dividends?
No, the company does not pay dividends.
How Palantir’s products help for organizations?
The company officially states that with Palantir solutions, investigators are uncovering human trafficking rings, finding exploited children, and unraveling complex financial crimes. Public health officials are tracking and containing the spread of deadly diseases. Information security specialists are defending against the theft of intellectual property, while oversight authorities are auditing user activity to protect sensitive data from misuse or abuse.
For what sectors Palantir offers the solutions?
Palantir now focuses on these sectors to help organizations quickly implement solutions to the hardest problems they face:
1. AI & ML;
3. Auto Racing;
4. Case Management;
7. Financial Compliance;
12. Mergers & Acquisitions;
13. Pharma: RWE;
14. Sales & Revenue;