Ever-mysterious Palantir lands its largest military contract ever
Palantir, the big data company founded by Peter Thiel (and named after an object from The Lord of the Rings), won a major contract from the US Army worth up to $800 million.
The company has a track record of winning smaller contracts (in the $5 to $20 million range) from the US government, but the new Army contract is its largest yet.
After some serious lobbying and a pivotal lawsuit, Palantir has become the first Silicon Valley software company to beat out a traditional defense contractor (Raytheon in this case) for this type of government contract.
Palantir will be tasked with building out a new version of the Distributed Common Ground System (DCGS-A, the A is for Army), the software used to store, structure, process, and derive insights from the massive amounts of intelligence data collected by the Army.