Palantir is a software company built around one problem: helping large organizations combine data that lives in disconnected systems and make decisions from it. It started with U.S. intelligence and defense customers through Gotham, added Foundry for companies, and since 2023 has repositioned around AIP, its platform for running AI on private data. It listed on the NYSE in 2020, switched to Nasdaq in November 2024 and joined the S&P 500 in September 2024. By late 2026 it was one of the most valuable U.S. software companies. The company is headquartered in Denver, Colorado. Palantir Technologies was founded in May 2003 in Palo Alto, California, by Peter Thiel, Alex Karp, Stephen Cohen, Joe Lonsdale, and Nathan Gettings to build mission-critical data integration software for western intelligence and defense agencies, relocating corporate headquarters to Denver, Colorado, in 2020.
Palantir earns money by licensing and hosting four software platforms under multi-year contracts. Gotham serves defense and intelligence agencies; Foundry integrates operational data for companies; Apollo deploys and updates software across cloud, on-premise and classified environments; and AIP connects large language models to customer data through Palantir's Ontology. Revenue is reported in two segments, Government and Commercial. In Q2 2026, government revenue was $990 million and commercial revenue was $945 million, so the split was close to even. Palantir lands customers through short AIP bootcamps, then expands contracts as more workflows move onto the platform.