Palantir Technologies Inc, the US data analytics company known for its secretive work with the Central Intelligence Agency and other government groups, today began efforts to woo Wall Street investors ahead of a public listing later this month.
"Many of the world's most vital institutions, from defense and intelligence agencies to companies in the healthcare, energy, and manufacturing sectors, rely on the software platforms that we have built," chief executive Alex Karp said in a video message for a virtual investor day, echoing his remarks in Palantir's regulatory filing.
"Historically, periods of macro instability or crisis have been a huge tailwind for us. The global financial crisis, ISIS attacks in Europe in 2015, and 2016, the present day Covid. And it's a tailwind for us because it means that the competitive alternative of building your own solution in three years or more, is just not viable," chief operating officer Shyam Sankar said at the investor day.
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