BigBear.ai And Palantir Announce Strategic Partnership, Combining AI-powered Products With Next Generation Operating Platform
November 15 2021 - 6:59AM
Business Wire
BigBear.ai, a leading provider of artificial intelligence,
machine learning, big data analytics, and cyber solutions, and
Palantir Technologies Inc. (NYSE: PLTR), a software company that
builds enterprise data platforms for use by organizations with
complex and sensitive data environments, today announced that they
have entered into a commercial partnership under which BigBear.ai’s
and Palantir’s products will be integrated to extend the operating
system for the modern enterprise with data and AI that provide
advice and other actionable insights for complex business
decisions.
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As part of the integrated product offering, Palantir’s Foundry
platform will be integrated with BigBear.ai’s Observe, Orient and
Dominate products, creating powerful machine learning extensions
for the Palantir ecosystem that will provide global data
collection, generate actionable insights and deliver anticipatory
intelligence at enterprise scale to address high-growth federal and
commercial verticals including space, retail, logistics and
energy.
BigBear.ai will have an opportunity to extend Palantir’s
products with its forecasting, course of action optimization,
conflation, computer vision, natural language processing, and other
predictive analytics via low-code interfaces. Building upon the
agility and scalability of Palantir’s Foundry data and analytics
fabric, BigBear.ai’s products will enable businesses to achieve
return on investment faster with out-of-the-box optimization
solutions for pricing, inventory and asset allocation, facility and
operations management, and customer targeting – all built to be
sensitive to today’s connected economy through the inclusion of
BigBear.ai’s global data for situational awareness and competitive
intelligence.
The parties also will explore taking joint products to market,
which the companies anticipate would rapidly increase Palantir’s
addressable opportunities and accelerate BigBear.ai’s roadmap and
sales channel. For example, exploring how BigBear.ai’s commercial
space solutions could be deployed together with Palantir products
in the federal government space. BigBear.ai’s near real-time
observations of places, events, and other entities could be easily
disseminated to Palantir customers and tied into business process
automations and analytics.
Brian Frutchey, BigBear.ai Chief Technology Officer, said, “We
are thrilled to partner with Palantir to deliver a more robust
range of capabilities to our respective customer bases at a time in
which demand for AI and ML solutions is growing rapidly. We are
confident that this partnership will accelerate BigBear.ai’s
penetration into high growth markets, including commercial markets
and the Federal government, and help us expand our existing
customer relationships as well as attract new customers at this
critical stage of expansion for BigBear.ai.”
Akash Jain, President of Palantir USG, said, “We see immense
opportunities to deliver more, faster for customers by partnering
with cutting edge companies who can leverage Foundry as
Infrastructure in their offerings. BigBear’s unique AI capabilities
can achieve scalable distribution across government and commercial
customers alike through Apollo and Foundry.”
About BigBear.ai
A leader in decision dominance for more than 20 years,
BigBear.ai operationalizes artificial intelligence and machine
learning at scale through its end-to-end data analytics platform.
The Company uses its proprietary AI/ML technology to support its
customers’ decision-making processes and deliver practical
solutions that work in complex, realistic and imperfect data
environments. BigBear.ai’s composable AI-powered platform solutions
work together as often as they stand alone: Observe (data ingestion
and conflation), Orient (composable machine learning at scale), and
Dominate (visual anticipatory intelligence and optimization).
BigBear.ai’s customers, which include the U.S. Intelligence
Community, Department of Defense, the U.S. Federal Government, as
well as customers in the commercial sector, rely on BigBear.ai’s
high value software products and technology to analyze information,
identify and manage risk, and support mission critical decision
making. Headquartered in Columbia, Maryland, BigBear.ai has
additional locations in Virginia, Massachusetts, Michigan, and
California. For more information, please visit: http://bigbear.ai/
and follow BigBear.ai on Twitter: @BigBearai.
About Palantir Technologies Inc.
Palantir Technologies Inc. builds and deploys operating systems
for the modern enterprise. Additional information is available at
www.palantir.com.
Who dares, wins.
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 strategy, terms, and the
expected benefits of the commercial partnership, product
development or integration efforts, and customer opportunities.
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 each party’s
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 the parties’
control. These risks and uncertainties include the parties’ ability
to meet the unique needs of their respective or joint customers;
the parties’ ability to successfully market or sell their products
and services to new or existing customers; the failure of the
parties’ products, individually or as integrated, to satisfy their
customers or perform as desired; the frequency or severity of any
software and implementation errors; the reliability of the parties’
products, including any integrated product offerings; the ability
to modify or terminate the parties’ commercial partnership; and
customers’ ability to modify or terminate their contracts.
Additional information regarding these and other risks and
uncertainties with respect to Palantir is included in the filings
Palantir makes with the Securities and Exchange Commission from
time to time. Except as required by law, the parties 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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version on businesswire.com: https://www.businesswire.com/news/home/20211115005507/en/
For BigBear.ai Reevemark Paul Caminiti/Delia Cannan/Pam
Greene 212-433-4600 bigbear.ai@reevemark.com
or
Lambert & Co. Jennifer Hurson (845) 507-0571
jhurson@lambert.com
Caroline Luz 203-656-2829 cluz@lambert.com
For Palantir Lisa Gordon media@palantir.com
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