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Warren Edwards 2016-09-26

Palantir Technologies has discriminated systematically against Asian job applicants since at least January 2010, the U.S. Department of Labor said in a lawsuit filed Monday.

The Palo Alto, Calif., data-mining firm is one of the world s most valuable private companies, best known for helping the U.S. track down Osama bin Laden.

It has been been party to more than $340 million in federal contracts since January 2010, according to the complaint, and counts the Federal Bureau of Investigation and U.S. Army among its clients.

Federal contractors have an obligation to ensure that their hiring practices and policies are free of all forms of discrimination, Patricia Shiu, director of the Office of Federal Contract Compliance Program, said in a statement.

Palantir denied the allegations and said it would defend itself.

We are disappointed that the Department of Labor chose to proceed with an administrative action and firmly deny the allegations, the company said in a statement.

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James Finch 2016-11-01
img

Palantir, the secretive Silicon Valley technology company that creates tools to mine and analyse large quantities of data, just won an important legal battle against the US Army.

The company was protesting the way the Army accepted bids to create an upgraded version of its Distributed Common Ground System, a multi-billion dollar project that helps organise and coordinate efforts across different military branches.

The company felt that it has been unfairly prevented from pitching its bid to the US Army, and that the Army had broken a Federal law that requires military branches to consider bids from commercial companies.

After today s ruling, Palantir now has a chance to bid on creating the next upgrade to the Army s DCGS.

Palantir has had success within the U.S military and intelligence complex.

For example, it received investment from the CIA s venture capital arm, In-Q-Tel.

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0
Kyle Greathouse 2020-09-10
img
The firm's updated prospectus shows the shares outstanding jumped to 1.64 million from 1.53 billion. Shares traded at an average price of $6.45.
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0
Howard Marsh 2016-11-24
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Palantir — that $20 billion secretive outfit that provides government, finance, healthcare and other organizations with analytics, security and other data management solutions — has raised another $20 million in funding, according to a new SEC filing.

In its last fundraising, in December 2015, Palantir closed off an $880 million round, seeing the private company s valuation soar in the process.

The November 23 Form D filing notes that the date of first sale for this newest round was November 8 — coincidentally ?

, the same date as the U.S. election that saw Donald Trump win the presidential race.

Palantir co-founder Peter Thiel, who is also its chairman and major shareholder, was a vocal supporter of Trump.

We have contacted Palantir with questions and will update as and when we learn more.

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0
Christopher Hardy 2021-02-16
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The data software company attributed losses in the final quarter of 2020 to operating expenses, including stock-based compensation and payroll taxes.
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0
James Lamb 2021-03-01
img

Nope, COVID-19 is not a catch-all excuse for backdoor deals

Column  The news that openDemocracy is calling for a legal review of Matt Hancock’s allegedly illegal deal with Palantir is a sign of two things: that things have gone wrong and are going wronger in government health policy; and that there are still ways to start to put it right.…

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0
Shane Higgins 2016-10-14
img

Palantir Technologies has come out and said that it did not discriminate against Asian people, Fortune reports.

This comes after the U.S. Department of Labor sued the company for alleged racial discrimination against Asian people in its hiring and selection process.

According to the DOL s suit, Palantir allegedly used a hiring process that discriminated against Asian applicants for software engineering roles, routinely eliminated qualified Asian applicants in the resume screening and telephone interview phases, and hired a majority of people from its discriminatory employee referral system.

In a 15-page filing, Palantir fired back at the DOL, saying that the allegations were entirely unfounded and based solely on a flawed statistical analysis.

Palantir also said that the Office of Federal Contract Compliance Programs made a mistake in evaluating the quality of applicants.

To strengthen its point, Palantir said that it has hired and retained Asian employees at rates that exceed their presence in the relevant labor market.

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0
Carl Chasin 2021-02-18
img
Palantir is facing selling pressure on Thursday after a lockup expiration released 80% of the company's shares to trade publicly.
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0
Mary Jones 2020-07-23
img
Either way, Silicon Valley venture capitalists seem to love the idea
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0
William Hanselman 2020-08-25
Palantir Headquarters

Data-mining firm Palantir has filed its prospectus to take the company public, and its S-1 confirms leaked information that showed the company has not turned a profit since its founding in 2003.

Palantir plans to debut with a direct listing rather than selling shares in an initial public offering. It’s among a handful of tech companies that have taken this route to go public in recent years; Slack did last year, Spotify did in 2018, and Asana did earlier this week.

The company lost $580 million in 2019, the filing shows, and in the first half of 2020 it has lost $175 million. The S-1 shows the company had 125 customers in the first half of this year, “including some of the largest and most significant institutions in the world,” the...

Continue reading…

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0
John Burns 2017-02-22
img

A new report by the Intercept provides some compelling specifics on collaboration between Palo Alto s secretive big data shop Palantir and the intelligence agencies that it keeps on its client roster.

While some broad strokes are known about Palantir s relationship with spy agencies, the finer points seldom see daylight.

That guarantee of secrecy that no doubt aids the company s growth into 2017, though its cozy relationship with a presidency keen on implementing aggressive policies with big opportunities for big data certainly can t hurt either.

According to classified internal documents quoted in the report, Palantir made quite the impression We were very impressed.

Apparently, beyond kicking in early money, intelligence agencies actually worked directly with the company to develop custom software through an iterative collaboration between Palantir computer scientists and analysts from various intelligence agencies over the course of nearly three years.

The report goes into more detail on the development of two particular software systems, one called Kite and one known as XKEYSCORE Helper.

collect
0
kriti singh 2020-06-05
img

Real-world data (RWD) is defined as data derived from a number of sources that are associated with outcomes in a heterogeneous patient population in real-world settings.

The global real-world evidence market is valued at 612.0 million in 2017 and projected to reach USD 1,348.1 million by 2023, at a CAGR of 14.3%.

The growth of this market is majorly driven by the rising geriatric population (and the subsequent increase in the prevalence of chronic diseases), shift from volume- to value-based care, and delays in drug development (and the subsequent increase in development costs).

The rising focus on end-to-end RWE services and growth opportunities in emerging markets are expected to provide further growth opportunities for players operating in the real world evidence market.

However, the reluctance to rely on real-world studies and the lack of universally accepted methodological standards for data collection some of the factors limiting the growth of this market during the forecast period.

Download a PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=76173991 Real World Evidence Market, By Component IntroductionData SetsClinical Setting DataClaims DataPharmacy DataPatient Powered DataServicesReal World Evidence Market, By Therapeutic Area OncologyCardiovascular DiseaseNeurologyImmunologyOthers Therapeutic AreasReal World Evidence Market, By End User Pharmaceutical and Medical Device CompaniesHealthcare PayersHealthcare ProvidersOther End UsersReal world evidence Market, By Region North AmericaUSCanadaEuropeGermanyUKFranceItalySpainRest Of EuropeAsia Pacific (APAC)ChinaJapanRest of APACRest of the WorldKey Players The prominent players in the global real world evidence solutions market are IQVIA (US), ICON (Ireland), PAREXEL (US), Pharmaceutical Product Development (US), Optum (US), International Business Machines Corporation (US), Cognizant (US), Oracle (US), SAS (US), Syneos Health (US), Anthem (US), Clinigen Group (UK), Palantir Technologies (UK), and Flatiron Health (US).

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Clarence Cohen 2018-06-21
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today, it was clear that medtechbolaget 1928 Diagnostics named one of the World Economic Forum's "Technology Pioneers".

”It's a very special day, it's great fun this,” says the company's ceo and co-founder Kristina Lagerstedt when Di Digital reach her.

the Award means that the gothenburg-based 1928 Diagnostics will participate at the World Economic Forum's annual meeting of New Champions in Tianjin, China, 18-20 september.

Past recipients of the award include companies such as Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter, and Wikimedia.

It means that you are now entering a rather exclusive club.

To be in the circuit that received the award in the past is unbelievable,” she says.

collect
0
Charles Michels 2016-06-24
img

Among them, the 12-year-old, data analytics outfit asked former employees to renew their non-disclosure agreements, agree not to solicit Palantir employees for 12 months, and promise not to sue the company or its executives.

Indeed, founder Ben Black of Akkadian Ventures, which purchases stock in private companies, calls the deal a massive benefit for their employees.

Consider: If Palantir were instead to raise new funding any time soon at a substantially higher valuation, employees who just sold some of their shares might cry foul, saying Palantir was withholding knowledge of the fair value of the stock.

They re trading based on guesswork and speculation, and market is pretty volatile and maybe even artificially depressed by that lack of information.

Sarbanes-Oxley, of course, is the controversial 14-year-old act whose intent is to improve corporate governance and prevent fraudulent accounting activities at public companies.

I wouldn t be surprised if you start seeing more stipulations relating to company buybacks and tender offers, says Shriram Bhashyam, who founded EquityZen, a startup the connects shareholders of private companies with investors.

collect
0
James Neely 2016-08-10
img

Silk s co-founder and CEO, Salar al Khafaji, announced today that private data analytics unicorn Palantir would be acquiring the company.

The transaction appears to be an acqui-hire, with members of the Silk team directly joining Palantir in new roles.

Founded in 2010, Silk helps data journalists, activists, NGOs and businesses produce data visualizations in the cloud without the need for complex software and programming knowledge.

Silk.co as a platform will continue to operate, said Khafaji in a blog post.

Nothing will change to current Silks, and you can still create a new Silk for free.

The Silk team noted that it was willing to transition to work on even bigger and more important data problems, signaling that the deal is likely not indicative of any new consumer pivot for Palantir.

collect
0
Rex Canale 2016-11-03

Joe Lonsdale is involved in a huge amount of grandstand projects and companies: Hyperloop One and Palantir, to name two.

But he also cares about government data.

By its very nature, data created by governments, extracted from massive sprawling cities, can be messy and unorganised.

But Lonsdale's OpenGov is trying to make it more organised.

Speaking at WIRED 2016 in London Lonsdale, who cofounded the 8VC investment firm, said OpenGov started by trying to put all of California's data online.

But the organisation, which later was turned into a for-profit company, ran into problems.

collect
0
Warren Edwards 2016-09-26

Palantir Technologies has discriminated systematically against Asian job applicants since at least January 2010, the U.S. Department of Labor said in a lawsuit filed Monday.

The Palo Alto, Calif., data-mining firm is one of the world s most valuable private companies, best known for helping the U.S. track down Osama bin Laden.

It has been been party to more than $340 million in federal contracts since January 2010, according to the complaint, and counts the Federal Bureau of Investigation and U.S. Army among its clients.

Federal contractors have an obligation to ensure that their hiring practices and policies are free of all forms of discrimination, Patricia Shiu, director of the Office of Federal Contract Compliance Program, said in a statement.

Palantir denied the allegations and said it would defend itself.

We are disappointed that the Department of Labor chose to proceed with an administrative action and firmly deny the allegations, the company said in a statement.

Kyle Greathouse 2020-09-10
img
The firm's updated prospectus shows the shares outstanding jumped to 1.64 million from 1.53 billion. Shares traded at an average price of $6.45.
Christopher Hardy 2021-02-16
img
The data software company attributed losses in the final quarter of 2020 to operating expenses, including stock-based compensation and payroll taxes.
Shane Higgins 2016-10-14
img

Palantir Technologies has come out and said that it did not discriminate against Asian people, Fortune reports.

This comes after the U.S. Department of Labor sued the company for alleged racial discrimination against Asian people in its hiring and selection process.

According to the DOL s suit, Palantir allegedly used a hiring process that discriminated against Asian applicants for software engineering roles, routinely eliminated qualified Asian applicants in the resume screening and telephone interview phases, and hired a majority of people from its discriminatory employee referral system.

In a 15-page filing, Palantir fired back at the DOL, saying that the allegations were entirely unfounded and based solely on a flawed statistical analysis.

Palantir also said that the Office of Federal Contract Compliance Programs made a mistake in evaluating the quality of applicants.

To strengthen its point, Palantir said that it has hired and retained Asian employees at rates that exceed their presence in the relevant labor market.

Mary Jones 2020-07-23
img
Either way, Silicon Valley venture capitalists seem to love the idea
John Burns 2017-02-22
img

A new report by the Intercept provides some compelling specifics on collaboration between Palo Alto s secretive big data shop Palantir and the intelligence agencies that it keeps on its client roster.

While some broad strokes are known about Palantir s relationship with spy agencies, the finer points seldom see daylight.

That guarantee of secrecy that no doubt aids the company s growth into 2017, though its cozy relationship with a presidency keen on implementing aggressive policies with big opportunities for big data certainly can t hurt either.

According to classified internal documents quoted in the report, Palantir made quite the impression We were very impressed.

Apparently, beyond kicking in early money, intelligence agencies actually worked directly with the company to develop custom software through an iterative collaboration between Palantir computer scientists and analysts from various intelligence agencies over the course of nearly three years.

The report goes into more detail on the development of two particular software systems, one called Kite and one known as XKEYSCORE Helper.

Clarence Cohen 2018-06-21
img

today, it was clear that medtechbolaget 1928 Diagnostics named one of the World Economic Forum's "Technology Pioneers".

”It's a very special day, it's great fun this,” says the company's ceo and co-founder Kristina Lagerstedt when Di Digital reach her.

the Award means that the gothenburg-based 1928 Diagnostics will participate at the World Economic Forum's annual meeting of New Champions in Tianjin, China, 18-20 september.

Past recipients of the award include companies such as Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter, and Wikimedia.

It means that you are now entering a rather exclusive club.

To be in the circuit that received the award in the past is unbelievable,” she says.

James Neely 2016-08-10
img

Silk s co-founder and CEO, Salar al Khafaji, announced today that private data analytics unicorn Palantir would be acquiring the company.

The transaction appears to be an acqui-hire, with members of the Silk team directly joining Palantir in new roles.

Founded in 2010, Silk helps data journalists, activists, NGOs and businesses produce data visualizations in the cloud without the need for complex software and programming knowledge.

Silk.co as a platform will continue to operate, said Khafaji in a blog post.

Nothing will change to current Silks, and you can still create a new Silk for free.

The Silk team noted that it was willing to transition to work on even bigger and more important data problems, signaling that the deal is likely not indicative of any new consumer pivot for Palantir.

James Finch 2016-11-01
img

Palantir, the secretive Silicon Valley technology company that creates tools to mine and analyse large quantities of data, just won an important legal battle against the US Army.

The company was protesting the way the Army accepted bids to create an upgraded version of its Distributed Common Ground System, a multi-billion dollar project that helps organise and coordinate efforts across different military branches.

The company felt that it has been unfairly prevented from pitching its bid to the US Army, and that the Army had broken a Federal law that requires military branches to consider bids from commercial companies.

After today s ruling, Palantir now has a chance to bid on creating the next upgrade to the Army s DCGS.

Palantir has had success within the U.S military and intelligence complex.

For example, it received investment from the CIA s venture capital arm, In-Q-Tel.

Howard Marsh 2016-11-24
img

Palantir — that $20 billion secretive outfit that provides government, finance, healthcare and other organizations with analytics, security and other data management solutions — has raised another $20 million in funding, according to a new SEC filing.

In its last fundraising, in December 2015, Palantir closed off an $880 million round, seeing the private company s valuation soar in the process.

The November 23 Form D filing notes that the date of first sale for this newest round was November 8 — coincidentally ?

, the same date as the U.S. election that saw Donald Trump win the presidential race.

Palantir co-founder Peter Thiel, who is also its chairman and major shareholder, was a vocal supporter of Trump.

We have contacted Palantir with questions and will update as and when we learn more.

James Lamb 2021-03-01
img

Nope, COVID-19 is not a catch-all excuse for backdoor deals

Column  The news that openDemocracy is calling for a legal review of Matt Hancock’s allegedly illegal deal with Palantir is a sign of two things: that things have gone wrong and are going wronger in government health policy; and that there are still ways to start to put it right.…

Carl Chasin 2021-02-18
img
Palantir is facing selling pressure on Thursday after a lockup expiration released 80% of the company's shares to trade publicly.
William Hanselman 2020-08-25
Palantir Headquarters

Data-mining firm Palantir has filed its prospectus to take the company public, and its S-1 confirms leaked information that showed the company has not turned a profit since its founding in 2003.

Palantir plans to debut with a direct listing rather than selling shares in an initial public offering. It’s among a handful of tech companies that have taken this route to go public in recent years; Slack did last year, Spotify did in 2018, and Asana did earlier this week.

The company lost $580 million in 2019, the filing shows, and in the first half of 2020 it has lost $175 million. The S-1 shows the company had 125 customers in the first half of this year, “including some of the largest and most significant institutions in the world,” the...

Continue reading…

kriti singh 2020-06-05
img

Real-world data (RWD) is defined as data derived from a number of sources that are associated with outcomes in a heterogeneous patient population in real-world settings.

The global real-world evidence market is valued at 612.0 million in 2017 and projected to reach USD 1,348.1 million by 2023, at a CAGR of 14.3%.

The growth of this market is majorly driven by the rising geriatric population (and the subsequent increase in the prevalence of chronic diseases), shift from volume- to value-based care, and delays in drug development (and the subsequent increase in development costs).

The rising focus on end-to-end RWE services and growth opportunities in emerging markets are expected to provide further growth opportunities for players operating in the real world evidence market.

However, the reluctance to rely on real-world studies and the lack of universally accepted methodological standards for data collection some of the factors limiting the growth of this market during the forecast period.

Download a PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=76173991 Real World Evidence Market, By Component IntroductionData SetsClinical Setting DataClaims DataPharmacy DataPatient Powered DataServicesReal World Evidence Market, By Therapeutic Area OncologyCardiovascular DiseaseNeurologyImmunologyOthers Therapeutic AreasReal World Evidence Market, By End User Pharmaceutical and Medical Device CompaniesHealthcare PayersHealthcare ProvidersOther End UsersReal world evidence Market, By Region North AmericaUSCanadaEuropeGermanyUKFranceItalySpainRest Of EuropeAsia Pacific (APAC)ChinaJapanRest of APACRest of the WorldKey Players The prominent players in the global real world evidence solutions market are IQVIA (US), ICON (Ireland), PAREXEL (US), Pharmaceutical Product Development (US), Optum (US), International Business Machines Corporation (US), Cognizant (US), Oracle (US), SAS (US), Syneos Health (US), Anthem (US), Clinigen Group (UK), Palantir Technologies (UK), and Flatiron Health (US).

Charles Michels 2016-06-24
img

Among them, the 12-year-old, data analytics outfit asked former employees to renew their non-disclosure agreements, agree not to solicit Palantir employees for 12 months, and promise not to sue the company or its executives.

Indeed, founder Ben Black of Akkadian Ventures, which purchases stock in private companies, calls the deal a massive benefit for their employees.

Consider: If Palantir were instead to raise new funding any time soon at a substantially higher valuation, employees who just sold some of their shares might cry foul, saying Palantir was withholding knowledge of the fair value of the stock.

They re trading based on guesswork and speculation, and market is pretty volatile and maybe even artificially depressed by that lack of information.

Sarbanes-Oxley, of course, is the controversial 14-year-old act whose intent is to improve corporate governance and prevent fraudulent accounting activities at public companies.

I wouldn t be surprised if you start seeing more stipulations relating to company buybacks and tender offers, says Shriram Bhashyam, who founded EquityZen, a startup the connects shareholders of private companies with investors.

Rex Canale 2016-11-03

Joe Lonsdale is involved in a huge amount of grandstand projects and companies: Hyperloop One and Palantir, to name two.

But he also cares about government data.

By its very nature, data created by governments, extracted from massive sprawling cities, can be messy and unorganised.

But Lonsdale's OpenGov is trying to make it more organised.

Speaking at WIRED 2016 in London Lonsdale, who cofounded the 8VC investment firm, said OpenGov started by trying to put all of California's data online.

But the organisation, which later was turned into a for-profit company, ran into problems.