Palantir Named a Leader in AI/ML Platforms by Independent Research Firm

DENVER--(BUSINESS WIRE)-- Palantir Technologies Inc. (NYSE: PLTR, “Palantir”), a leading builder of operating systems for the modern enterprise, today announced it had been recognized as a Leader in artificial intelligence and machine learning (AI/ML) software platforms by renowned research and advisory firm Forrester.

Palantir was among the select companies that Forrester invited to participate in “The Forrester Wave™: AI/ML Platforms, Q3 2022” report. Palantir was cited as a Leader in this research. Palantir’s Foundry operating system received the highest possible scores in the product vision, performance, market approach, and applications criteria.

As stated in the report, “Palantir Technologies forges a resilient platform for complex, critical AI use cases…. Reference customers appreciate the breadth of capabilities within the platform, particularly for the security and governance of ML which is critical in many environments. Palantir is a solid choice for companies who have heavy data requirements and want to mix classical ML techniques with deep learning ML techniques to build complex AI solutions.”

“Palantir was built to solve the world’s most difficult problems with truly best-in-class, cutting-edge technology. We believe being named a Leader in this Forrester Wave evaluation validates our investments over the years in artificial intelligence and machine learning and underscores the added value we can deliver to customers,” said Palantir COO Shyam Sankar.

"We've had the privilege of working in the most demanding operational contexts with our customers, deploying software that connects the power of AI/ML with frontline operations,” said Akshay Krishnaswamy, Palantir’s Chief Architect. "We will continue to strengthen our products to meet rapidly expanding needs – whether centralized, federated, or at the edge – across key industries."

Palantir Foundry is designed to transform the way organizations operate by creating a central operating system for their data, integrating siloed data sources into a common analytics and operations picture. Palantir’s software is currently deployed in more than 50 industries and powers decisions in some of the most complex data environments in the world, including government, manufacturing, and health sciences.

To view the full report and see how Palantir compared to the other top AI/ML platforms, visit https://www.palantir.com/forrester-wave-2022.

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 expected benefits of our software platforms and customer assessments. 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 customers; the failure of our platforms to satisfy our customers or perform as desired; the frequency or severity of any software and implementation errors; our platforms’ reliability; and our customers’ ability to modify or terminate their contracts. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220714005219/en/

Lisa Gordon

media@palantir.com

Source: Palantir Technologies Inc.

FAQ

What did Forrester say about Palantir Technologies in Q3 2022?

Forrester recognized Palantir as a Leader in AI/ML software platforms, highlighting its Foundry operating system for top performance in product vision and market approach.

What are the key strengths of Palantir's Foundry according to the Forrester report?

Palantir's Foundry excels in security, governance of machine learning, and integrating complex data needs for various industries.

How does Palantir Technologies' recognition by Forrester impact its business?

Being named a Leader validates Palantir's investment in AI/ML and enhances its credibility among potential customers in demanding data environments.