About
Palantir is a public data platform company (PLTR) whose stock soared 340% in 2024. Hit $2.87B revenue (+29% YoY) and $462M earnings (doubled). US commercial revenue grew 64% YoY; US government +45%. Top 20 customers average $64.6M annually. Joined S&P 500 and Nasdaq 100 in 2024. 66% of revenue from US. Benefiting from enterprise AI adoption with Foundry and AIP platforms.
Key Facts
- [1]Founded: Founded in 2003 in Denver, United States.
- [2]Funding: Total funding: $2.5B. Last round: Jul 2020. Stage: Public.
- [3]Employees: Employee count: 1,001-5,000.
- [4]Revenue: Annual revenue/ARR: approximately $2.9B.
- [5]Company Type: Public company.
- [6]Website: Official website: palantir.com.
- [7]AI Technology: Core AI/ML technologies: Data Platform, LLM / NLP.
- [8]Region: Region: Americas (United States).
Founders
Peter Thiel
Co-founder
Alex Karp
Co-founder & CEO
Stephen Cohen
Co-founder
Joe Lonsdale
Co-founder
Nathan Gettings
Co-founder
AI Technology
Data Platform
Data aggregation and enrichment platforms with minimal ML
LLM / NLP
Large language models for NLP, chat, document understanding, and text generation
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Palantir?
Palantir is a public data platform company (PLTR) whose stock soared 340% in 2024. Hit $2.87B revenue (+29% YoY) and $462M earnings (doubled). US commercial revenue grew 64% YoY; US government +45%. Top 20 customers average $64.6M annually. Joined S&P 500 and Nasdaq 100 in 2024. 66% of revenue from US. Benefiting from enterprise AI adoption with Foundry and AIP platforms. Palantir is classified in the Research & Data segment at the Data layer of the financial AI stack.
Who founded Palantir?
Palantir was founded by Peter Thiel (Co-founder), Alex Karp (Co-founder & CEO), Stephen Cohen (Co-founder), Joe Lonsdale (Co-founder), and Nathan Gettings (Co-founder) in 2003 in Denver, United States. The company has been operating for 23 years. Palantir is now a publicly traded company.
How much funding has Palantir raised?
Palantir has raised $2.5B in total funding, placing the company at the Public stage. The most recent round closed in Jul 2020. Palantir generates approximately $2.9B in annual revenue. Among 58 funded Research & Data companies, Palantir ranks #4 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Palantir use?
Palantir combines multiple AI technologies: Data Platform, LLM / NLP. Data Platform provides data aggregation and enrichment platforms with minimal ML. LLM / NLP provides large language models for NLP, chat, document understanding, and text generation.
What market segment does Palantir operate in?
Palantir operates in the Research & Data and Trading & Markets and Risk & Compliance and Insurance market segments. AI research and data companies provide the intelligence layer of the financial ecosystem — processing vast quantities of structured and unstructured data into actionable insights for investors, analysts, and financial institutions. The company also has a footprint in trading & markets and risk & compliance and insurance, reflecting its cross-functional approach to financial AI.
Where is Palantir headquartered?
Palantir is headquartered in Denver, United States. The company operates in the Americas region. The team consists of 1,001-5,000 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Palantir's competitors?
Companies similar to Palantir in the Research & Data space include Ocrolus ($142M raised), Tegus ($112M raised), AlphaSense ($1.6B raised), Sentieo (Now AlphaSense) ($69M raised), Uplinq ($18M raised). These companies operate in related areas of financial AI: Ocrolus focuses on ai document automation for lending decisions. Tegus focuses on ai-generated investment research summaries. AlphaSense focuses on ai-powered market and search intelligence. (Based on AIFI Map classification data.)
What products does Palantir offer?
Palantir builds data-layer solutions for the financial services industry. The company's core offering: AI data platform for finance. The platform is powered by Data Platform, LLM / NLP technology.
Is Palantir publicly traded?
Yes, Palantir is a publicly traded company. Annual revenue is approximately $2.9B.