Little is known about the company, which, unlike most tech startups, has no plans to go public. In 2013, CEO Alex Karp, Palantir’s CEO, explained that “running a company like ours would be very difficult” if it was exposed to the scrutiny that comes with being a public company.
In other words, if the public became aware of what Palantir is doing, the backlash might dwarf the data privacy scandals that have roiled Silicon Valley in recent years.
As of 2013, Palantir’s client list includes the CIA, the FBI, the NSA, the CDC, the Marine Corps, the Air Force, Special Operations Command, West Point and the IRS. Roughly half of the company’s business is with the government. Q-Tel, the CIA’s VC arm, was one of the company’s earliest investors. The company, which doesn’t have an office, uses blockchain technology to protect its tools from sophisticated hackers.
CONTINUE READING at ZeroHedge.com – How CIA-Backed Palantir Is Helping Police Root Out ‘Thought Crimes’ | Zero Hedge
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