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20 - ORGANIZATIONS/PRIVATE/Palantir Technologies.md
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@ -24,9 +24,9 @@ The company's client base spans the agencies that consume intelligence and law-e
### Founding and In-Q-Tel
Palantir was founded in 2003 in the aftermath of the [[September 11 attacks|9/11 attacks]], with Thiel as the founding financier and chairman. The company's stated founding premise was that U.S. intelligence agencies possessed large volumes of data in mutually incompatible silos and lacked the software to fuse it into operational intelligence, a gap the [[9/11 Commission]] had identified. The Central Intelligence Agency venture arm In-Q-Tel provided early funding. Karp, a law-school contemporary of Thiel at [[Stanford Law School]], serves as chief executive and is the public face of the company.[^1][^2]
Palantir was founded in 2003 in the aftermath of the [[September 11 attacks|9/11 attacks]], with Thiel as the founding financier and chairman. The company's stated founding premise was that U.S. intelligence agencies possessed large volumes of data in mutually incompatible silos and lacked the software to fuse it into operational intelligence, a gap the [[9/11 Commission]] had identified. The Central Intelligence Agency venture arm In-Q-Tel provided early funding, two rounds "totaling more than $2 million" according to Forbes, which reported that "from 2005 to 2008 the CIA was Palantir's patron and only customer, alpha-testing and evaluating its software."[^10] Karp, a law-school contemporary of Thiel at [[Stanford Law School]], serves as chief executive and is the public face of the company.[^1][^2]
The founding team included Lonsdale, then a recent [[Stanford University]] graduate who had worked at Thiel's [[Clarium Capital]], as a founding engineer. Cohen and Gettings rounded out the technical cofounding group. The [[PayPal Mafia]] lineage is direct: the fraud-detection heritage is consciously modeled on the anti-fraud data systems Thiel and [[Max Levchin]] built at [[PayPal]]. Palantir's data-fusion architecture for intelligence and law enforcement is an adaptation of the payments-fraud-detection architecture, the basis for the recurring internal claim that the company "does for governments what PayPal did for fraud."[^2]
The founding team included Lonsdale, then a recent [[Stanford University]] graduate who had worked at Thiel's [[Clarium Capital]], as a founding engineer. Cohen and Gettings rounded out the technical cofounding group. The [[PayPal Mafia]] lineage is direct: the fraud-detection heritage is consciously modeled on the anti-fraud data systems Thiel and [[Max Levchin]] built at [[PayPal]]. [[Forbes]] reported in 2013 that Thiel's "concept for Palantir was to use the fraud-recognition software designed for PayPal to stop terrorist attacks," and that where PayPal "had started with perfectly structured and organized information for its fraud analysis," intelligence customers "had mismatched collections of e-mails, recordings and spreadsheets."[^10] Palantir's data-fusion architecture for intelligence and law enforcement is an adaptation of the payments-fraud-detection architecture, the basis for the recurring internal claim that the company "does for governments what PayPal did for fraud."[^2]
### Founding Account in the 2020 Registration Statement
@ -71,3 +71,4 @@ Gotham is marketed on Palantir's own website as supporting soldiers with an "AI-
[^7]: Palantir Technologies Inc. Form S-1, August 25, 2020, "Government," list of departments and agencies currently using the platforms. https://www.sec.gov/Archives/edgar/data/1321655/000119312520230013/d904406ds1.htm
[^8]: Palantir Technologies Inc. Form S-1, August 25, 2020, "Management," biography of Peter Thiel. https://www.sec.gov/Archives/edgar/data/1321655/000119312520230013/d904406ds1.htm
[^9]: PayPal, Inc. Form S-1 registration statement, filed September 28, 2001, "Business," subsection "Risk Management." https://www.sec.gov/Archives/edgar/data/1103415/000091205701533855/a2059025zs-1.htm
[^10]: Andy Greenberg, "How A 'Deviant' Philosopher Built Palantir, A CIA-Funded Data-Mining Juggernaut," *Forbes*, August 14, 2013. https://www.forbes.com/sites/andygreenberg/2013/08/14/agent-of-intelligence-how-a-deviant-philosopher-built-palantir-a-cia-funded-data-mining-juggernaut/