Nuked Palantir, the controversial analytics and data mining firm, still relies heavily on its US government contracts for revenue. The financials show Palantir has not once turned a profit since its founding in 2003.
Palantir is moving out of Silicon Valley because of’increasing intolerance and monoculture’. The company is dependent on the current administration in Washington to maintain its revenue streams.
Palantir filed for an IPO last month, but has yet to announce when it will go public. The company had revenue of $ 742.5 million in 2019, a 25 percent increase from the same period a year earlier.
Palantir brought in $ 345.5 million from work with the US government last year. $ 397 million from commercial clients, TechCrunch’s analysis shows.
Palantir is best known for its work with the US government. It’s also worked with us customs and Border protection to track immigrants at the border. In 2018, it was found to be secretly testing its predictive policing software in New Orleans.
Palantir is building a tool for the Department of health and Human Services to track the spread of the coronavirus. It remains unclear how that data is being used and collected.
Palantir co-founder Peter Thiel supported President Trump’s election in 2016. He has reportedly used his status as a member of Facebook’s board of directors to push policies that help the president.
