Palantir supplying Israel with technology to help in war effort
Palantir supplying Israel with technology to help in war effort
After holding its first board meeting of the year in Tel Aviv, the US company announced the signing of a strategic partnership with the Israel Ministry of Defense
U.S. tech giant Palantir Technologies has announced that it has agreed a strategic partnership with the Israel Ministry of Defense to “supply Palantir technology to help the country’s war effort.”
Palantir said that the agreement followed a Thursday meeting between Israeli defense officials and Palantir co-founders Peter Thiel and Alex Karp.
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Palantir's Peter Thiel and Alex Karp pose with Ministry of Defense officials.
(Photo: Bloomberg)
The agreement followed a visit by Palantir executives to Israel, with the company holding its first board meeting of 2024 in Tel Aviv.
“I think so few people speak out because they believe they can skirt by with no opinion but there is no one who doesn’t have an opinion on Israel, especially if you are a big company,” said Palantir CEO Alex Karp in a conversation with legendary Israeli entrepreneur Yossi Vardi at Tel Aviv University last week. “There are a lot of people in the industry who are maybe not as pro-israel as I am but they think of Israel as a very special place and are generally more understanding of the Israeli position and view Israel’s accomplishments of building a nation from a desert.”
Palantir, which specializes in data analytics, is currently traded on the New York Stock Exchange with a market cap of over $36 billion.
This is not the first time that the company has come out in support of Israel. Karp condemned last month companies that remained silent after Hamas’ terror attack on Israel on October 7
Speaking on a panel at the Reagan National Defense Forum, Karp criticized corporate America for its "abysmal failure at standing up to people who are anti-American, who are breathing the vapors of a thin new religion at elite schools."
"As far as I can tell,” Karp added on December 2, “there are only three companies that have been publicly pro-Israel on Oct. 7," he said, naming Booz Allen, Anduril Industries and his own company, Palantir. "We have to do better."
