Palantir Technologies Inc.
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in mil. unless spec.Company Description
- CEO
- Alexander Caedmon Karp
- Full Time Employees
- 4,429
- Sector
- Technology services
- Industry
- Packaged software
- Address
- 19505 Biscayne Blvd Aventura FL United States 33180
- IPO Date
- Sep 30, 2020
- CIK
- 0001321655
- Website
- palantir.com
- Similar Companies
- Business
- Palantir Technologies Inc. (NYSE: PLTR) develops and deploys software platforms for big data integration, analytics, and artificial intelligence applications across government, defense, intelligence, and commercial sectors. The company offers four primary platforms: Palantir Gotham, an intelligence and defense tool for counterterrorism analysis, geospatial mapping, predictive modeling, and real-time decision-making used by U.S. military, intelligence agencies, and international partners including Ukraine; Palantir Foundry, an enterprise data operating system enabling data integration, management, and operationalization for commercial clients in industries such as healthcare, manufacturing, finance, energy, and supply chain optimization with clients including Merck KGaA, Airbus, Morgan Stanley, and Fiat Chrysler Automobiles; Palantir Apollo, a continuous integration/continuous delivery system for deploying software across diverse environments; and Palantir Artificial Intelligence Platform (AIP), which integrates large language models, machine learning, and AI agents into secure networks for enhanced analytics, automation, and decision support in both government and enterprise settings. Additional offerings include TITAN, a mobile AI-enabled ground station for tactical intelligence targeting developed in partnership with Anduril Industries and Northrop Grumman; Skykit, portable intelligence toolkits for edge operations; and MetaConstellation, a satellite network supporting AI model deployment. Palantir operates globally with significant revenue from the United States (approximately 66%), United Kingdom (11%), and rest of world (23%), serving federal agencies, state/local governments, international militaries, and private enterprises; it generates revenue from government contracts (55%) and commercial business (45%), with 2024 revenue of $2.87 billion. Founded in 2003 by Peter Thiel, Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings, and headquartered in Denver, Colorado, Palantir went public in 2020 via direct listing on the NYSE before transferring to Nasdaq in November 2024; the company achieved profitability in 2022 and reported 36% year-over-year revenue growth to $828 million in Q4 2024, driven by 52% U.S. growth. Recent developments include a December 2024 partnership with Anduril Industries forming a consortium to merge Lattice software, Menace C4 platforms, AIP, and Maven Smart System for national security AI applications, with potential for additional industry partners; expansion of Army Vantage partnership via a $618.9 million contract in December 2024; a nearly $1 billion U.S. Navy software contract in November 2024; a £750 million UK defense agreement; a $480 million Maven Smart System contract and $178 million Army TITAN phase award in 2024; October 2025 Snowflake integration for Foundry and AIP to accelerate joint customer AI data pipelines with early adopter Eaton; deepened strategic alliance with Shield AI announced in 2024; June 2025 Bolt partnership for AI-powered Checkout 2.0 scaling; expanded APA Corporation collaboration for AI across operations; and October 2025 joint venture with Dubai Holding for regional expansion.
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