We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Who is Palantir, the US tech company Mike Kelly now works for?

2 0 0

Many of those who expressed sympathy at Mike Kelly's decision to resign from Parliament due to ill health were probably surprised to hear he will now be working for American company Palantir Technologies, where he is expected to promote the firm's Australian operations.

His former electorate of Eden-Monaro will no doubt be feeling hard done by.

Palantir is well known in the intelligence and special forces world for specialising in the collection and linking of big data (Palantir were the omniscient crystal balls in Tolkien's Lord of the Rings trilogy). Its software presents data linkages in colourful, easy-to-understand graphics that look like spider webs.

Palantir Technologies was founded in 2003 by a group of PayPal alumni and Stanford computer scientists, and is headquartered at Palo Alto, California. The company's data-mining wizardry dazzled investors, who valued it at $30.8 billion in 2015. However, in 2018, Morgan Stanley valued the company at a more modest $9.24 billion.

Palantir has never reported a profit - but of course that doesn't necessarily mean its business is unprofitable.

It operates less like a conventional software company than like a consultancy, deploying roughly half its 2000 engineers to client sites. That works at well-funded government agencies seeking........

© Canberra Times

Get it on Google Play