Palantir Introduces Second Cohort of "Foundry for Builders" Start-Ups
October 06 2021 - 4:30PM
Business Wire
Ten more early-stage companies in industries ranging from
digital health to entertainment will be able to leverage Palantir
Foundry. This cohort of start-ups is the latest in Palantir’s
Foundry for Builders initiative, introduced in July to bring
Palantir’s world-class software platform to early-stage
companies.
Palantir Technologies Inc. (NYSE:PLTR) announced today it has
selected ten additional companies to join its Foundry for Builders
initiative, launched in July to support early-stage companies by
providing them with the Palantir Foundry platform, helping support
their growth.
For Palantir, Foundry for Builders marks a continued expansion
of its business to early-stage companies who can fully leverage the
end-to-end platform at rapid speed. This next cohort also includes
Palantir’s first customers in the blockchain and digital health
industries.
The Palantir Foundry platform transforms the way organizations
run by creating a central operating system for their data that is
designed to scale with increasing complexity, meaning it will be
able to support these companies as they grow while powering
data-driven decision making from the outset.
Under Foundry for Builders, Palantir licenses Foundry to
start-ups under a subscription model. The first companies to
benefit were connected to Palantir alumni, and Foundry for Builders
now includes other early-stage companies. The second cohort of
Foundry for Builders companies includes the following:
- Elementus, a New York-based blockchain analytics platform
- Emyria, a Perth-based and Australian Securities Exchange-listed
drug development and clinical care company, focusing on novel
treatments
- European Cricket Network, a digital media company based in
Switzerland dedicated to streaming and promoting European
cricket
- Foodsmart, a San Francisco-based digital nutrition and healthy
food buying marketplace
- KatalystDI, a Houston-based company dedicated to improving
construction through integrating and automating supply chain
data
- mePrism, a Los Angeles-based start-up focused on enabling
consumers to take control over their data and how it is transacted
in the digital marketplace
- VayuAI, a San Francisco-based technology company that operates
a platform for optimizing wind farm performance
The companies in this Foundry for Builders cohort are using the
platform to establish an internal operating system for their data
to spend more time accelerating their unique value proposition.
Palantir Foundry is offered as fully managed SaaS and provides
an end-to-end platform that spans from cloud hosting and data
integration to flexible analytics, visualization, model-building,
operational decision-making, and decision capture. Having these
capabilities as part of a single platform eliminates friction and
protects against the loss of data history, security, and privacy as
users analyze data across siloed technologies.
“The Palantir Foundry platform provides us the ability to
aggregate and continuously analyze thousands of previously
disconnected data sets, giving us an unprecedented understanding of
the construction supply chain. With these powerful tools, our team
is focusing on turning integrated data into actionable intelligence
for our industry," said Libo Li, the CTO of KatalystDI.
“We’re excited to access technology previously reserved for the
most established and leading organizations,” said European Cricket
Network CEO and Founder Daniel Weston, who is using data to grow
his digital media company. “We can use Palantir Foundry to ask the
right questions of the data, with the best interface and
integration tools combined, all in the one place.”
In another application of Foundry at an early-stage company, the
software will be used by VayuAI, which increases wind farm capacity
and production by applying machine learning and physics-based
algorithms against massive unstructured wind data. Palantir Foundry
will enable VayuAI to provide its customers with data simulations
to support the expansion of windfarm output.
Palantir Foundry offers out-of-the-box security and compliance
features which allow companies, including these start-ups, to work
with sensitive data in accredited environments. The platform is
currently being used in over 40 industries and sectors worldwide to
deploy AI models to space, strengthen telecommunication network
reliability, reduce errors in manufacturing, improve the safety of
vehicles, and more.
“We’re excited to expand the use of Palantir Foundry to yet
another group of hypergrowth startups. These organizations have
ambitious goals and timelines – they see building on Foundry as
infrastructure as the cheapest and fastest way to market,” said
Palantir COO Shyam Sankar. “It takes too long and is too risky to
manually build solutions from a bag of cloud services. Foundry’s
software defined data integration and no-code applications mean
customers can onboard new customers and develop new apps at a speed
and cost that was previously inconceivable.”
About Palantir Technologies
Palantir Technologies is a software company that builds
enterprise data platforms for use by organizations with complex and
sensitive data environments. From building safer cars and planes,
to discovering new drugs and combating terrorism, Palantir helps
customers across the public, private, and nonprofit sectors
transform the way they use their data. Additional information is
available at https://www.palantir.com, more details about Foundry
for Builders can be found at
https://www.palantir.com/offerings/foundry-for-builders/.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements may relate to, but are not limited to,
Palantir’s expectations regarding the terms and benefits of this
initiative and related contracts and the expected benefits of our
software platforms. Forward-looking statements are inherently
subject to risks and uncertainties, some of which cannot be
predicted or quantified. Forward-looking statements are based on
information available at the time those statements are made and
were based on current expectations as well as the beliefs and
assumptions of management as of that time with respect to future
events. These statements are subject to risks and uncertainties,
many of which involve factors or circumstances that are beyond our
control. These risks and uncertainties include our ability to meet
the unique needs of our customer; the failure of our platforms to
satisfy our customer or perform as desired; the frequency or
severity of any software and implementation errors; our platforms’
reliability; and our customer’s ability to modify or terminate the
contract. Additional information regarding these and other risks
and uncertainties is included in the filings we make with the
Securities and Exchange Commission from time to time. Except as
required by law, we do not undertake any obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future developments, or otherwise.
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Lisa Gordon media@palantir.com
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