Palantir office known as the “Jewel Box” in Palo Alto, California. Mark Neuling, CNBC
CNBC: Peter Thiel’s stealth start-up Palantir has unlocked a new opportunity to sell to the US military as revenue tops $1 billion
* Palantir had a huge year, breaking through a government contract barrier that had held it back from lucrative Pentagon deals and securing an $800 million contract with the Army that it had sought for nearly a decade.
* The company has also made progress on the enterprise front, expanding a significant partnership with Airbus and branching out in the automotive and pharmaceutical markets.
Palantir — the Silicon Valley data analytics company co-founded by PayPal founder and Trump advisor Peter Thiel — has made the CNBC Disruptor 50 list for six years running. But this year was perhaps the most disruptive of all for the company, which has attracted $2.8 billion in funding, raising its valuation to $20.5 billion, according to PitchBook.
In 2019, Palantir was able to leverage a favorable landmark 2017 court decision to break through government contracting barriers that formerly kept the firm out of the running for some of the Pentagon’s most lucrative contracts.
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WNU Editor: WNU has been following this company since the beginning .... The CIA's Investment In Tech Company Palantir Is Reaping Billions (December 10, 2013). I like this company because it values the importance of not only accumulating data, but knowing how to process and analyze it. I have always believed that future conflicts will be determined using this same technology. Accumulating and processing the data from a battlefield, and then using it to target high-value targets.
