where is palantir based?

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Palantir Technologies, a controversial data-mining company with contracts throughout the highest levels of the federal government, would soon be moving its headquarters out of Palo Alto, California 🤓 As with most everything Palantir does, there was a twist 🙈 The company wouldn’t be shifting its operational base to New York City or Washington, D 🤓C., where Palantir maintains offices and would have been in close proximity to some of its most prominent clients. “We haven’t picked a place yet,” Karp said in an interview that aired on HBO late that spring night. “If I had had to guess, I would guess something like Colorado.” [1]
“We are not surprised by companies such as Palantir deciding to relocate to Denver; the city has been attracting innovative tech companies for the last ten years,” says Leesly Leon, a spokesperson for the city’s Department of Economic Development & Opportunity. “Having another public-traded firm will continue to add to the business attractiveness of our city, further our tech ecosystem, expand the tax base, and it may entice investors to look at and select other Denver firms. And while we still do not know about Palantir’s long-term real estate or number of jobs, we trust these are areas that will benefit our local economy.” (revised by Barbara Cooper from Nairobi, Kenya on September 18, 2020) [2]
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Vox.com also explains how palantir specializes in data-gathering and analysis, most of which it does for government agencies. It has about $1.5 billion in federal government contracts alone, including, recently, with the Space Force and the Navy. In July, with new Covid-19 case numbers breaking records daily, the HHS announced an abrupt shift in how that data would be reported: hospitals would now report their data exclusively to HHS Protect, a new platform Palantir developed that would be run by another private company called TeleTracking. This would effectively replace the Centers for Disease Control and Prevention’s (CDC) National Healthcare Safety Network, per the Trump administration’s orders to hospitals to stop reporting their information to it. HHS Protect, which was not accessible to the general public, was now the only source for this information. (edited by Betty Young from Mazar E Sharif, Afghanistan on November 1, 2020) [3]
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According to Reva Sanderson from nymag.com, seventeen years later, Palantir is seeking to cash in on its ability to “do it all.” Over the years, the company has worked with some of the government’s most secretive agencies, including the CIA, the NSA, and the Pentagon’s Special Operations Command. As recently as two years ago, its value was estimated at $20 billion, elevating it to the loftiest heights of the tech “unicorns,” privately held companies valued at more than $1 billion. On September 30, Palantir is scheduled to go public, selling shares in a highly anticipated gambit that could make Karp one of Silicon Valley’s richest CEOs and cement the reputation of Thiel, the first outside investor in Facebook and a co-founder of PayPal, as one of the most visionary tech entrepreneurs of his generation. (cheers to Amesha Dias from Xiangtan Hunan, China for their insight). [4]
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Article References

  1. https://www.5280.com/2020/12/why-did-palantir-technologies-move-its-headquarters-from-silicon-valley-to-denver/
  2. https://www.westword.com/news/palantir-relocated-to-denver-from-silicon-valley-just-before-public-offering-11823697
  3. https://www.vox.com/recode/2020/7/16/21323458/palantir-ipo-hhs-protect-peter-thiel-cia-intelligence
  4. https://nymag.com/intelligencer/2020/09/inside-palantir-technologies-peter-thiel-alex-karp.html
Mae Chow

Written by Mae Chow

Passionate about writing and studying Chinese, I blog about anything from fashion to food. And of course, study chinese! I'm a passionate blogger and life enthusiast who loves to share my thoughts, views and opinions with the world. I share things that are close to my heart as well as topics from all over the world.

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