Palantir Technologies Inc. (PLTR)


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July 19, 2024


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About the Company

Palantir Technologies Inc. is a public American company that specializes in software platforms for big data analytics. Headquartered in Denver, Colorado, it was founded by Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Karp in 2003. The company's name is derived from The Lord of the Rings where the magical palantíri were "seeing-stones," described as indestructible balls of crystal used for communication and to see events in other parts of the world. The company has three main projects: Palantir Gotham, Palantir Apollo, and Palantir Foundry. Palantir Gotham is an intelligence and defense tool used by militaries and counter-terrorism analysts. Its customers included the United States Intelligence Community (USIC) and United States Department of Defense. Their software as a service (SaaS) is one of five offerings authorized for Mission Critical National Security Systems (IL5) by the U.S. Department of Defense. Palantir Foundry is used for data integration and analysis by corporate clients such as Morgan Stanley, Merck KGaA, Airbus, Wejo, Lilium, PG&E and Fiat Chrysler Automobiles. Palantir Apollo is a platform to facilitate continuous integration/continuous delivery (CI/CD) across all environments. Palantir's original clients were federal agencies of the USIC. It has since expanded its customer base to serve both international as well state and local governments, and also to private companies.

Sector

Technology

Industry

Services-Prepackaged Software

Employees

4438

Exchange

NYSE

$2B

Total Revenue

4K

Employees

$121B

Market Capitalization

253.24

Price/Earning ratio

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