Palantir, which has a reputation for secrecy, faced tough questions from potential investors for the first time during its investor day on Wednesday.
Palantir, which sells data-processing software to large enterprise and government clients, faced questions about what makes its software offering different from its competitors and whether its services amount to more than consulting during a Q&A with potential investors on Wednesday. "We had to build a platform to meet the customer where they are," Kawasaki said. "So we've come a long way, and this shift is a big reason why we've been able to change the business."
Kawasaki added that Palantir recently formed a sales division that has "worked really well" at acquiring new clients.Does Palantir buy or sell data? Where is the data stored? "In the first half of this year we've seen real growth in the government business … however, we look at this in an annual basis and we anticipate that the split will remain roughly 60-40 in either direction," Glazer said. "Our target margins should be applicable across both of our segments."Palantir, which was cofounded by Trump megadonor Peter Thiel, has been awarded generous contracts during Trump's administration.
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