How Do They Make Money?

They Build Software. Palantir has four principal software platforms: Gotham, Foundry, Apollo, and Artificial Intelligence Platform (AIP). Of the $2.9 billion in revenue last year from 711 customers, 55% came from customers in the government segment, and 45% came from customers in the commercial segment. 66% from customers in the United States, and 34% from those abroad.

• Gotham (2008) is primarily used by defense, intelligence, and law enforcement agencies for data integration, analysis, and decision-making.

• Foundry (2016) acts as an operating system for the modern enterprise, enabling organizations to integrate, manage, analyze, and build on their data. It's designed to connect to existing data sources, streamline data workflows, and facilitate data-driven decision-making.

• AIP (2023) is a workspace designed to help organizations build and deploy AI-powered applications and workflows. It integrates large language models (LLMs) and other AI technologies directly within Gotham and/or Foundry to help operationalize AI on enterprise data, automating processes and driving decision-making.

• Apollo (2021) is a continuous deployment and operations platform that enables organizations to deploy, manage, and secure software across diverse environments, including cloud, on-premise, and disconnected or air-gapped networks. It's a cloud-agnostic single control layer to coordinate ongoing delivery of new features, security updates, and platform configurations.