Palantir has come under criticism due to its partnership developing software for U.S. Immigration and Customs Enforcement.
ET Wednesday.
"[33], U.S. military intelligence used the Palantir product to improve their ability to predict locations of improvised explosive devices in its war in Afghanistan. [10] In July 2020, it was revealed the company had filed for an IPO. Palantir Technologies offers a suite of software applications for integrating, visualizing, and analyzing information. technology and intellectual property to InvestX Financial. Dave is Palantir’s Chief Financial Officer, and leads the company’s global finance organization. The company was founded in 2004 and is headquartered in Denver, Colorado. Palantir Technologies was founded in Palo Alto, Calif. in 2003. [4] In the past, Gotham was used by fraud investigators at the Recovery Accountability and Transparency Board, a former US federal agency which operated from 2009 to 2015. Palantir plans to trade its stock on the NYSE under the “PLTR” ticker symbol. Palantir Technologies Inc. jumped 34% in its first day in its 17-year-history as a public company on Wednesday. A small number of practitioners reported it to be more useful than the United States Army's program of record, the Distributed Common Ground System (DCGS-A). [22], In 2009 and 2010 respectively, Information Warfare Monitor used Palantir software to uncover the GhostNet and the Shadow Network. [14] He has said the U.S. government should have a strong hand in tech regulation[15] and that western countries should dominate AI research. [23] The Shadow Network was also a China-based espionage operation that hacked into the Indian security and defense apparatus. Slack Technologies and Spotify Technology also went public through a direct listing. information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Palantir files for IPO with manifesto against Silicon Valley surveillance https://t.co/XSEnAgxk9e, Alexander Karp is Palantir’s cofounder and CEO.
He obtained his bachelor's degree from Haverford College, his law degree from Standford University and his Ph.D. in Neoclassical Social Theory from Frankfurt University. Headquartered in Denver, Colorado, it was founded by Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Karp. [32], A document leaked to TechCrunch revealed that Palantir's clients as of 2013 included at least twelve groups within the U.S. government, including the CIA, DHS, NSA, FBI, CDC, the Marine Corps, the Air Force, Special Operations Command, West Point, the Joint Improvised-Threat Defeat Organization and Allies, the Recovery Accountability and Transparency Board and the National Center for Missing and Exploited Children. [66], Palantir hosts Palantir Night Live at Palantir's McLean and Palo Alto offices. [9] In January 2015, the company was valued at $15 billion after an undisclosed round of funding with $50 million in November 2014. Please login using the login link. any future results, performance or achievements expressed or implied by such forward-looking information. Palantir's CFO joins TheStreet as the company makes its public debut on the markets. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. On June 18, 2010, Vice President Joe Biden and Office of Management and Budget Director Peter Orszag held a press conference at the White House announcing the success of fighting fraud in the stimulus by the Recovery Accountability and Transparency Board (RATB). Peter Thiel, a notable entrepreneur and investor , helped co-found Palantir in 2004. [80] In one internal ICE report[81] Mijente acquired, it was revealed that Palantir's software was critical in an operation to arrest the parents of undocumented migrant children.
[9] However, on October 18, 2018, the Wall Street Journal reported that Palantir was considering an IPO in the first half of 2019 following a $41 billion valuation. Instead, Palantir proposed using human analysts to explore data from many sources, called intelligence augmentation. You can view more information on our Privacy Policy. Peter's tenure culminated in PayPal's sale to eBay for $1.5 billion in 2002. [48][49] The Metropolis team used emails, download activity, browser histories, and GPS locations from JPMorgan owned smartphones and their transcripts of digitally recorded phone conversations to search, aggregate, sort, and analyze this information for any specific keywords, phrases, and patterns of behavior. [62] In 2012 New Orleans Police Department partnered with Palantir to create a predictive policing program. Palantir’s IPO filing revealed its operational and financial performance. Copyright © 2020 InvestX Capital Ltd, All rights reserved. [48][49] Aided by 120 "forward-deployed engineers" of Palantir during 2009, Peter Cavicchia III of JPMorgan used Metropolis to monitor employee communications and alert the insider threat team when an employee showed any signs of potential disgruntlement: the insider alert team would further scrutinize the employee and possibly conduct physical surveillance after hours with bank security personnel. The secretive data-analytics company revealed its plan for a public listing in an SEC filing on Aug. 25. Forward-looking information contained herein is made as of the date of this document and the Company(s) disclaims any obligation to Palantir, the software company co-founded by early Facebook investor Peter Thiel, made its market debut via direct listing. From our roots in counterterrorism to our current work spanning the public, private, and non-profit sectors, we've delivered software that incorporates principles of … [64], Palantir took over the Pentagon's Project Maven contract in 2019 after Google decided not to continue developing AI unmanned drones used for bombings and intelligence. military. [70] According to the lawsuit, the company "routinely eliminated" Asian applicants during the hiring process, even when they were "as qualified as white applicants" for the same jobs. [28][29][30][31], Estimates were $250 million in revenues in 2011. [41], Palantir, is one of four large technology firms [42]to start working with the NHS on supporting the COVID-19 efforts through the provision of software from Palantir Foundry.[43].
Alexander Karp is Palantir’s cofounder and CEO. Except for statements of historical fact, information and phrases, or statements that certain actions, events, results or conditions “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. [50], Palantir Metropolis is used by hedge funds, banks, and financial services firms. Gotham was also used by cyber analysts at Information Warfare Monitor, a Canadian public-private venture which operated from 2003 to 2012. The company was founded in 2004 and is headquartered in Denver, Colorado. Many assumptions are based on factors and events that are not within the control of the Company(s) and there is no assurance they will prove to be correct. The software company offers big data analytics. The company serves public institutions, private enterprises, and non-profit sector. The stock could start trading as soon as September 24. An account already exists with this email address. [9] As of December 2014, Thiel was Palantir's largest shareholder. He received his undergraduate degree from Stanford University. | Washington Life Magazine", "Data intelligence firms proposed a systematic attack against WikiLeaks", "COMPLAINT FOR VIOLATIONS OF EXECUTIVE ORDER 11246", "U.S. GOVERNMENT SUES PETER THIEL'S SECRETIVE BIG-DATA START-UP FOR DISCRIMINATION", "Palantir settles US charges that it discriminated against Asian engineers", "US data firm admits employee approached Cambridge Analytica: Palantir confirm employee 'engaged in a personal capacity' with the company", "Spy Contractor's Idea Helped Cambridge Analytica Harvest Facebook Data", "DealBook Briefing: Investors May Be Overlooking Their Own Discrimination", "Palantir Provides the Engine for Donald Trump's Deportation Machine", "Palantir Contract Dispute Exposes NYPD's Lack of Transparency", "National Immigration Project of the National Lawyers Guild", "Immigrant Defense Project - Fighting for Justice & Human Rights for ALL", "Palantir Played Key Role in Arresting Families for Deportation, Document Shows", https://en.wikipedia.org/w/index.php?title=Palantir_Technologies&oldid=981214890, Software companies based in the San Francisco Bay Area, Companies listed on the New York Stock Exchange, Wikipedia articles needing clarification from March 2015, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, "[As of 2013] the U.S. spy agencies also employed Palantir to connect databases across departments. He is also the founder of Addepar, a leader in private wealth management technology. Palantir previously ran the site AnalyzeThe.US,[44] which allowed potential Palantir customers and affiliates to use Palantir Gotham to perform analysis on publicly available data from data.gov, usaspending.gov, the Center for Responsive Politics’ Open Secrets Database, and Community Health Data from hhs.gov. Lonsdale has gone on to become an active investor through the founding of Formation 8 Partners. contained herein constitutes forward-looking information. The company's name is derived from The Lord of the Rings where the magical palantír were "seeing-stones" which allowed their users to communicate with each other or to see faraway parts of the world, until they were corrupted by Sauron. [24][25], In April 2010, Palantir announced a partnership with Thomson Reuters to sell the Palantir Metropolis product as "QA Studio" (a quantitative analysis tool). [3], Karp was raised in a Jewish family in Philadelphia and graduated from Central High School in 1985. [5][2] Karp's thesis, supervised by Karola Brede, was titled "Aggression in der Lebenswelt: Die Erweiterung des Parsonsschen Konzepts der Aggression durch die Beschreibung des Zusammenhangs von Jargon, Aggression und Kultur", which means "Aggression in the life-world: The extension of Parsons' concept of aggression by describing the connection between jargon, aggression, and culture. results or conditions to differ from those anticipated, estimated or intended. [5][6] Palantir Foundry is used by corporate clients such as Morgan Stanley, Merck KGaA, Airbus, and Fiat Chrysler Automobiles NV. Seed, Series A, Private Equity), Tags are labels assigned to organizations, which identify their belonging to a group with that shared label, Whether an Organization is for profit or non-profit, General contact email for the organization, Palantir Technologies Alumni Founded Companies, Western US Information Technology Companies (Top 10K). Peter Theil is a billionaire investor who cofounded Palantir alongside Karp.