Palantir Technologies, Inc., headquartered in Palo Alto, California, with offices in Tysons Corner, Virginia, New York City and Covent Garden, London, is a software company that produces the Palantir Gotham and Palantir Metropolis platforms . Palantir offers a Javaand Web-based platform for analyzing, integrating, and visualizing data of all kinds, including structured, unstructured, relational, temporal, and geospatial.
Palantir was founded in 2004 by Peter Thiel, Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings. Early investments came in the form of $2 million from the CIA’s venture arm In-Q-Tel and $30 million from Thiel and his firm, The Founders Fund.Alex Karp is Palantir’s CEO. Palantir’s name comes from the “seeing stones” in the Lord of the Rings.
Palantir was built through iterative collaboration between computer scientists and analysts from various intelligence agencies over the course of nearly three years, through pilots facilitated by In-Q-Tel. The software concept grew out of technology developed at PayPal to detect fraudulent activity, much of it conducted by Russian organized crime syndicates. The team leveraged the fundamental insight that computers alone (Artificial Intelligence) could not defeat an adaptive adversary. Palantir allows human analysts to quickly explore data from many sources in conceptual ways (Intelligence Augmentation).
On June 18, 2010, Vice President Joe Biden and Office of Management and Budget Director Peter Orszag held a press conference at the White House announcing the success of fighting fraud in the stimulus by the Recovery Accountability and Transparency Board (RATB). Biden credited the success to the software, Palantir, being deployed by the federal government. He announced that the capability will be deployed at other government agencies, starting with Medicare and Medicaid. 
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