Palantir is split up into three products: Gotham, Metropolis, and Foundry. Metropolis is used by hedge funds, banks, and financial services firms while Foundry is used by commercial clients like Merck, Airbus, and Fiat Chrysler.
Palantir continues to improve on its platform; its Titan release of Gotham offers improved performance, more customized views, and AI integration. This view has changed recently as Palantir now has a sales team, which has led to more efficient data management and sales output.
The highly secretive company is controversial as it is an advocate of greater surveillance since it aids in its capabilities; additionally, its software has been used to identify working illegal immigrants to aid in their deportation. Planning for Retirement. Retired: What Now? Personal Finance. Credit Cards. About Us. Who Is the Motley Fool? Fool Podcasts. New Ventures. Search Search:. Jun 29, at AM. That anonymity is a feature, not a bug: Palantir does most of its work for the government, including national security and intelligence operations.
In recent years, headlines about the company have stressed its access to everything about all of us, which privacy advocates have long criticized. Palantir was founded in by venture capitalist and Paypal co-founder Peter Thiel along with Joe Lonsdale, Stephen Cohen, Nathan Gettings, and Alex Karp, its eccentric CEO who has a law degree and a PhD in neoclassical social theory and keeps 20 identical pairs of swimming goggles in his office.
Palantir even sued the US Army in to force it to consider using its intelligence software after the Army chose to go with its own. The company suffered one of its first rounds of bad press in when a hacker discovered it was part of a proposal to Bank of America to sabotage Wikileaks.
Palantir denied working with the NSA on that particular project but has worked with the agency on others, according to an internal video that was leaked to BuzzFeed News. The program ended in amid doubts that predictive policing was an effective crime deterrent, as well as criticism from civil rights organizations that it unfairly targeted minority communities.
In the past few years, nonprofits have dropped Palantir as a corporate sponsor, and students regularly protest Palantir-related campus events and recruiting sessions.
He has a personal security guard at all times. That reputation has followed Palantir even as its technology seems to be doing some good during the Covid pandemic. Palantir admitted in its filing that negative coverage — which it said was often inaccurate and misleading — and the resulting public perception of its services could damage its relationships with current customers, dissuade potential new customers, and upset both investors and employees. An investment in Palantir only serves to profit off the continued surveillance and exploitation of communities by ICE.
Palantir is also controversial because its co-founder and board chair, Peter Thiel, is controversial. Its contract with ICE caused numerous civil rights organizations to blame Palantir for helping the agency find and deport unauthorized immigrants. While other companies were ending their relationships with certain government agencies over purported ethical concerns, Palantir renewed its ICE contract in despite reported opposition even from its own employees, some of whom left the company over it.
We stand by them when it is convenient, and when it is not. Perhaps to that end, Palantir recently moved its headquarters from its longtime home of Palo Alto to Denver, Colorado. They might say the wrong thing all the way through an interview. But Karp has seemed more amenable to the idea in the last few years.
When Palantir added its first female board member in June, a public filing seemed all but certain — according to California law , public companies must have at least one female board member. Palantir filed its initial paperwork with the SEC on July 6 in a confidential filing that allowed it to avoid revealing much about its inner workings to the public.
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