Palantir and Microsoft Expand Cloud Partnership to Public Sector

Rhea-AI Summary

Palantir Technologies Inc. (NYSE: PLTR) announced that its Palantir Federal Cloud Service (PFCS) has achieved FedRAMP authorization to support U.S. Department of Defense (DoD) workloads at Impact Levels 4 and 5 on Microsoft Azure. This milestone enables U.S. government clients to leverage Palantir and Microsoft's secure, enterprise-grade capabilities. The partnership aims to enhance services for the DoD, meeting necessary regulatory compliance and supporting Controlled Unclassified Information (CUI) and ITAR workloads. The authorization simplifies agency operations and demonstrates Palantir's commitment to federal customers.

Positive

• Achieved FedRAMP authorization for Palantir Federal Cloud Service (PFCS).
• Enables access for U.S. Department of Defense customers at Impact Levels 4 and 5.
• Supports compliance with Defense Federal Acquisition Regulation Supplement (DFARS).
• Facilitates expedited agency authorizations to operate cloud services.

Negative

• None.

DENVER, April 5, 2023 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR) today announced that Palantir Federal Cloud Service (PFCS) achieved FedRAMP authorization and accreditation to support workloads at U.S. Department of Defense (DoD) Impact Level (IL) 4 and DOD IL5 on Microsoft Azure. This new milestone enables U.S. government customers and industry partners to access Palantir and Microsoft's secure, integrated, enterprise-grade capabilities in both Microsoft Azure Government and Azure Commercial environments. 

This milestone expands Palantir and Microsoft's strategic partnership from the private sector to the public sector bringing the best in class cloud components to the federal marketplace. We're aiming to support IL6 through multi-cloud service integration. 

"With the successful completion of FedRAMP and IL4 and IL5 accreditation on Microsoft Azure Commercial and Azure Government, Palantir and Microsoft are prepared to bring best in breed solutions to the federal government," said Akash Jain, President, Palantir USG. "Leveraging lessons from our partnership in the commercial sector, we are looking forward to delivering innovation on behalf of the most important US Government missions on an accelerated timeframe. Today's announcement represents an inflection point in our partnership that will benefit our public sector stakeholders. We look forward to launching these joint solutions with our federal partners."

In addition to supporting public sector and DoD customers, the Palantir Federal Cloud Service (PFCS) was also designed for the greater Defense Industrial Base. PFCS on Azure Government meets Defense Federal Acquisition Regulation Supplement (DFARS) requirements and can support both Controlled Unclassified Information (CUI) and International Traffic in Arms Regulations (ITAR) workloads.

"With Palantir Federal Cloud Service's FedRAMP authorization on Microsoft Azure, defense organizations have even more solutions available to them to meet their critical mission needs," said Wes Anderson, Vice President, Defense, Microsoft Federal. "Our focus continues to be on building up our partner ecosystem to accelerate innovation and provide trusted, flexible, and advanced cloud solutions for the national security mission." 

PFCS FedRAMP authorization on Microsoft Azure can enable expedited agency authorizations to operate (ATOs), this solution is adequate for use in an agency authorization to operate cloud computing products and services.

This authorization milestone is representative of Palantir's ongoing commitment to servicing federal customers on Azure.

Those interested in learning more about Palantir and Microsoft's relationship can visit the Palantir website or get started today via the Azure Marketplace.

About Palantir Technologies Inc.

Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms' reliability; and our customer's ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

Media Contact 
Lisa Gordon 
media@palantir.com

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SOURCE PALANTIR TECHNOLOGIES INC.

FAQ

What recent milestone did Palantir (PLTR) achieve regarding its Federal Cloud Service?

Palantir announced that its Federal Cloud Service (PFCS) achieved FedRAMP authorization for U.S. Department of Defense workloads at Impact Levels 4 and 5.

How does the FedRAMP authorization benefit Palantir's government clients?

The FedRAMP authorization allows U.S. government clients to access secure, enterprise-grade capabilities on Microsoft Azure, simplifying operations and compliance.

What impact does the partnership with Microsoft have on Palantir (PLTR)?

The partnership enhances Palantir's ability to deliver integrated cloud solutions for federal customers, supporting various regulatory compliance needs.

When was the FedRAMP authorization for Palantir announced?

The FedRAMP authorization for Palantir's Federal Cloud Service was announced on April 5, 2023.