Palantir Technologies


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Palantir Technologies, Inc. is a private American software and services company, specializing in big data analysis. Founded in 2004, Palantirs original clients were federal agencies of the United States Intelligence Community (USIC). It has since expanded its customer base to serve state and local governments, as well as private companies in the financial and healthcare industries. The company is known for two software projects in particular: Palantir Gotham is used by counter-terrorism analysts at offices in the USIC and United States Department of Defense, fraud investigators at the Recovery Accountability and Transparency Board, and cyber analysts at Information Warfare Monitor (responsible for the GhostNet and the Shadow Network investigations). Palantir Metropolis is used by hedge funds, banks, and financial services firms. CEO Alex Karp announced in 2013 that the company would not be pursuing an IPO, as going public would make "running a company like ours very difficult". As of early 2014 the company was valued at $9 billion, according to Forbes, with the magazine further explaining that the valuation made Palantir "among Silicon Valleys most valuable private technology companies". As of December 2014 the company continued to have diverse private funders, such as Kenneth Langone and Stanley Druckenmiller, In-Q-Tel of the CIA, Tiger Global Management, and Founders Fund. As of December 2014, Peter Thiel was Palantirs largest shareholder. In January 2015, the company was valued at US$15 billion after an undisclosed round of funding with US$50 million in November 2014. In 2016, Palantir was sued by the United States government following a review by the U.S. Department of Labor which found that the company was systematically discriminating against Asian job applicants. According to the lawsuit, Palantir "routinely eliminated" Asian applicants during the hiring process, even when they were "as qualified as white applicants" for the same jobs.