Palantir Technologies
American public company specializing in big data analytics and artificial intelligence platforms for government and commercial clients.
Company Type
public
Founded
2003
Headquarters
Denver, Colorado, USA
Stock
NYSE: PLTR
About Palantir Technologies
Palantir Technologies operates as a software company providing data integration, analytics, and artificial intelligence platforms for government and commercial clients. The company's primary products include Gotham (for government) and Foundry (for commercial enterprises).
The company's business model combines software licensing, subscription services, and professional services. Palantir generates revenue through long-term contracts with government agencies and commercial enterprises, focusing on complex data integration and analysis challenges.
Palantir Technologies employs approximately 4,000 people worldwide, with its headquarters in Denver, Colorado, and major operations in the United States, Europe, and Asia. The company continues to invest in artificial intelligence, machine learning, and cloud computing technologies.
History of Palantir Technologies
Palantir Technologies was founded in 2003 by Peter Thiel, Alex Karp, Nathan Gettings, Joe Lonsdale, and Stephen Cohen. The company was initially funded by Thiel's venture capital firm and the CIA's venture arm, In-Q-Tel, recognizing the need for sophisticated data analysis tools for counterterrorism and intelligence operations.
The company's early work focused on developing software for government agencies, particularly intelligence and defense organizations. Palantir's Gotham platform was designed to integrate and analyze vast amounts of disparate data for counterterrorism and intelligence analysis.
Throughout the 2000s and 2010s, Palantir expanded its government contracts while developing commercial applications. The company launched Foundry, a platform for commercial enterprises to integrate and analyze their data. Palantir became known for its work with government agencies including the CIA, FBI, and Department of Defense.
In 2020, Palantir went public through a direct listing on the NYSE under ticker PLTR, bypassing the traditional IPO process. The public listing valued the company at over $20 billion and provided liquidity for early investors and employees.
Throughout the 2020s, Palantir has expanded its commercial business while maintaining strong government contracts. The company has focused on artificial intelligence, machine learning, and cloud computing applications for both government and commercial clients.
Brands Owned by Palantir Technologies
Palantir Technologies owns 0 brands in our database.
Stock Information
Palantir Technologies Ownership: Pros & Cons
Advantages
- +Market leadership in government data analytics and intelligence
- +Strong, long-term government contracts providing stable revenue
- +Expanding commercial business diversifying revenue streams
- +Expertise in complex data integration and artificial intelligence
- +First-mover advantage in government data analytics market
Considerations
- -Dependence on government contracts subject to budget and policy changes
- -Privacy concerns and scrutiny over government surveillance work
- -Competition from big data and AI companies entering government market
- -Need to balance government and commercial business priorities
- -Regulatory compliance requirements for government contracting
Frequently Asked Questions About Palantir Technologies
Is Palantir Technologies owned by another company?
No, Palantir Technologies is an independent, publicly traded company with no parent organization. The company operates independently with shares traded on the New York Stock Exchange under the ticker symbol PLTR.
Is Palantir Technologies publicly traded?
Yes, Palantir Technologies is publicly traded on the New York Stock Exchange under ticker PLTR. The company went public through a direct listing in September 2020.
When was Palantir Technologies founded?
Palantir Technologies was founded in 2003 by Peter Thiel, Alex Karp, Nathan Gettings, Joe Lonsdale, and Stephen Cohen. The company was initially funded to address data analysis needs for government intelligence operations.
Who founded Palantir Technologies?
Palantir Technologies was founded by a team including Peter Thiel (venture capitalist), Alex Karp (CEO), and several engineers from Stanford University. The company was created to build sophisticated data analysis tools for government agencies.
What is Palantir Technologies' market position?
Palantir Technologies holds a leading position in government data analytics and intelligence software. The company has expanded into commercial markets and competes with big data and AI companies while maintaining strong government relationships and expertise in complex data integration.
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